2647 HIDDEN CREEK DR, Navarre, FL 32566
Welcome to this beautifully upgraded 4-bedroom home, nestled on a spacious .45-acre lot. As you step inside, you're greeted by the warmth of Cali bamboo flooring that flows gracefully through the living and dining areas, a luxury added in 2018. The kitchen, also renovated in the same year, boasts elegant granite countertops complemented by a stylish backsplash, a new sink, and disposal. This home features a split floor plan, ensuring privacy and convenience, with 2 full baths adorned with tasteful tile in all the wet areas. A notable enhancement includes the removal of popcorn ceilings, giving each room a modern and clean aesthetic. In addition to its four bedrooms and upgraded features, this home boasts an inviting open bonus room, adding versatility and extra space for your lifestyle needs. Located ideally within the floor plan, this bonus room offers a flexible area that can be tailored to suit various purposes. Perfect for creating a home office, hobby room, play area, or a cozy entertainment space, the open bonus room enhances the home's function. Outside, the screened-in patio offers a serene space to relax and entertain. A large concrete pad beckons outdoor activities, perfectly sized for a basketball goal. Imagine cozy evenings gathered around the firepit, creating memories under the starlit sky. Nestled within a vibrant community, this upgraded 4-bedroom home offers not only luxurious living but also access to an array of exceptional amenities. Residents here enjoy the convenience of multiple pools, perfect for cooling off on hot summer days or simply lounging poolside. For the sports enthusiasts, there are well-maintained basketball courts where you can shoot hoops or join pick-up games with neighbors. The community event center provides a venue for hosting celebrations, gatherings, or community meetings. Fitness enthusiasts will appreciate the on-site gym facilities, equipped with modern equipment for maintaining an active lifestyle.
You may be able to put down less than the total down payment amount of $160,899 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: #648440