248 Sukoshi Dr, Panama City, FL 32404
3 beds · 2 baths · 2,600 sqft
Welcome to this stunning all-brick ranch-style home that features three bedrooms and two bathrooms, fully remodeled in 2020 for modern living. The enclosed garage provides extra space, serving as a versatile family room that can be used as an office or a fourth bedroom. Enjoy meals in the spacious dining room right by the custom kitchen, designed for both functionality and comfort, includes a cozy sitting area, perfect for gatherings.This home boasts numerous upgrades, including 36-inch doors for easy accessibility, designer blinds, and pocket doors that enhance space efficiency. Key modern conveniences such as new plumbing, spray foam insulation, and an on-demand water heater make for a comfortable lifestyle. The inviting ambiance is complemented by recessed lighting, a luxury walk-in closet, and a convenient laundry area in the master bath suite. Additional features include a new roof, a pole barn for extra storage, and a 12x22 shed to further meet your storage needs. With no HOA restrictions, this property offers flexibility while being ideally located minutes away to Callaway public boat ramp and Tyndall Air Force Base. With an oversized gate allowing easy access for your boat or for parking your RV under the pole barn, where you'll have ample protection from the elements. Also the 50-amp RV plug to the left of the house is an added convenience, ensuring you have the necessary power supply for your RV while you're parked. Additionally a well with a pump completely separate from your city water is installed for all your backyard needs. The fenced-in yard on a large lot provides plenty of outdoor space for activities and relaxation. Embrace the perfect blend of comfort, style, and functionality in this beautifully remodeled home! Call your favorite Realtor today for your showing.
Source: EMERALDCOAST #962615
Financials
Source: EMERALDCOAST #962615
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.