2146 DURELL LN, Navarre, FL 32566
NEW LOWER PRICE! Ask about the available VA Assumable Loan with a low interest rate too! Would you like to pay less than $20 a month for your electric? Are you searching for a spacious home in a quiet, family-friendly neighborhood with NO HOA, close to local schools and the beach? Well, you just may have found it! With recent upgrades including a 2021 HVAC system, 2021 Roof and Paid off Solar Panels, plus NEW PAINT and NEW Luxury Vinyl Plank floors in the bedrooms - there's NO CARPET to be found in this home! This spacious, open concept home with over 2000 sqft and a split bedroom floor plan features 3 big bedrooms plus a bonus sunroom/office/playroom. Step inside to discover a Huge Great Room with soaring vaulted ceilings and tons of rooms for family and guests to mix and mingle. The well appointed Kitchen overlooks the Living Area with a full length breakfast bar and features a walk-in Pantry and lots of counter space. The newly decorated Master bedroom has a double door entry & it's own access to the Sunroom. Need to escape? Pamper yourself in the master bathroom with a Walk-in Shower, Garden Tub, Double Vanity, separate WC and extra large Walk-in Closet, or relax on the patio in the fully fenced back yard with sprinkler system. The fully paid off, Vivint Smart security system conveys including: interior/exterior cameras, doorbell, Thermostat, smart lock and window sensors for added security and protection. This fabulous family home is situated less than 2 miles to the beach, with shops & dining nearby, in close proximity to local Schools, and within easy reach of Military bases.
You may be able to put down less than the total down payment amount of $126,974 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #650630
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.