2400 SPUR LN, Gulf Breeze, FL 32563
Come and view this meticulously maintained charming 3-bedroom, 2-bathroom home in Heather’s Place subdivision. This home provides a spacious, light and bright, inviting open floor plan with a neutral color palette. The kitchen offers the perfect layout to accommodate your friends and family with ample seating areas at the kitchen’s bar or dining area. The kitchen, which is equipped with granite counters, a center island, stainless appliances, and pantry, leads to your screened-in back patio, a perfect place to read a book and enjoy your morning coffee. The large primary bedroom has a tray ceiling, beautiful view of the backyard and a private en suite bathroom with garden tub, separate tiled walk-in shower, double vanity and walk-in closet. The split floor plan has two additional bedrooms with generously sized closets and a full bathroom, complete with tub and is conveniently located for additional guest use. Enjoy the large fully fenced backyard, with plenty of room for hosting picnics and family events, complete with picnic area, fire pit, and large open patio with shade sails. Keep all your extra yard tools in the quaint yard building and enjoy nature friendly landscaping that the owners have added, along with a new irrigation well and sprinkler system. There are two backyard gates on either side of the house for useful and easy access. The home is equipped with a one-year-old whole house propane generator and hurricane panels for added piece of mind. There is an added extended parking area, allowing for plenty of parking. Come and view this home just miles from beautiful beaches, A+ rated schools, shopping and restaurants.
You may be able to put down less than the total down payment amount of $196,082 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: #652287