221 Park Ln, Crestview, FL 32536
3 beds · 2 baths · 1,664 sqft
Discover the perfect blend of comfort and potential in this delightful 3 bedroom home on over a half acre with NO HOA! Plenty of room to add a pool! Make this your primary home or would be perfect for an Airbnb! The garage has been converted into an oversized third bedroom. This versatile space includes two closets with own private entry, offering flexibility for guests, your mother-in-law, teen, or as a home office! This home has seen numerous updates in the last few years, ensuring modern convenience and peace of mind. Some improvements include: new roof & water heater (2021), fully remodeled kitchen with new cabinets, granite countertops, & stainless steel appliances (gas stove!) The extended driveway offers plenty of room for parking multiple vehicles. A double gate provides easy access to the fully fenced yard with ample space to park an RV or boat securely. Enjoy the best of indoor-outdoor living with a screened-in back porch that leads to a spacious deck. The deck connects directly to the master bedroom, providing a seamless flow for relaxation and entertaining. The expansive backyard is fully fenced with a fire pit and 2 storage buildings! This property is move-in ready and offers significant potential for customization. Don't miss out on the opportunity to make this charming house your new home or next investment!
Source: PENSACOLA #645765
Source: PENSACOLA #645765
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
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.
MLS ID: #645765