287 BAYOU BEND LN, Panama City, FL 32404
2.5% VA ASSUMPTION RATE IS AVAILABLE WITH LOW MORTGAGE BALANCE AND ASKING PRICE GAP! Nestled beneath the warm Florida sun, in the heart of Panama City and only 20 minutes from TYNDALL AIR FORCE BASE, this exquisite, hard-to-find, 4 BEDROOMS and 3 Baths home welcomes you with open arms to a world of charm, comfort, and modern living, making it the perfect place to call home! This 2-year old immaculate, SMART HOME is your gateway to a life of serenity mixed with a vibrant and dynamic lifestyle as you immerse in one of the most sought-after neighborhoods, PARK SQUARE COMMUNITY, which is only 15 minutes to historic downtown Panama City, Bear Creek Feline Center, Oaks by the Bay Park, St. Andrews Waterfront Farmers Market, and its gulf beaches! As you approach this stunning residence, you are greeted by a meticulously landscaped front yard and pristine curb appeal equipped with SPRINKLER SYSTEM, showcasing the care and attention that has been poured into every detail. The manicured front yard and elegant entrance create an inviting first impression. Step inside, and you'll find 10’ HIGH CEILINGS with LUXURY VINYL PLANKS in a spacious and well-designed living space that seamlessly blends functionality with aesthetics. The heart of the home is the open-concept living area, where natural light pours in through large windows, illuminating the warm, neutral color palette that complements any decor style. The living room is a cozy haven, it allows for effortless entertaining and comfortable everyday living that is perfect for family gatherings or quiet evenings. The open concept kitchen with GRANITE COUNTERTOPS and STAINLESS STEEL APPLIANCES offers opportunities to prepare culinary delights while engaging with loved ones seated at the breakfast bar or in the adjacent dining area. Sliding glass doors lead to nice backyard space enclosed by a wooden fence. Retreat to the decently-sized owner’s suite that features 9’ TRAY CEILINGS, a true haven of relaxation. Pamper yourself in the bathroom suite with a walk-in shower, and dual vanities. The walk-in closet provides ample space for your wardrobe and accessories. This home also offers three additional generously sized bedrooms, perfect for family members or guests. The well-appointed bathrooms ensure everyone's comfort and convenience. The exterior of the home boasts HARDI BOARD on all four sides. Thee home also comes with TANKLESS GAS WATER HEATER, SMART THINGS HUB, RING SECURITY DOORBELL, NEST ENERGY-EFFICIENT THERMOSTAT. And the best part is that it is still covered under BUILDER’S WARRANTY! Not only is this home ideally located in a dynamic neighborhood whose commitment is fostering a sense of community, sustainability, and convenient living for its residents; its exceptional balance of modern amenities and convenient location is second-to-none, with easy access to major highways, shopping centers, dining options, entertainment venues, and top-rated schools. Don't miss the opportunity to make this house your home! You'll find more than just a place to live; you'll discover a lifestyle that combines the best of urban conveniences with the tranquility of suburban living. Whether you're a young professional, a growing family, or anyone in between, this community promises a bright future and endless opportunities to thrive. It's a rare find in a sought-after location, combining comfort, elegance, and Florida living at its finest. Schedule a showing today and make this home your forever sanctuary.
You may be able to put down less than the total down payment amount of $57,606 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: #t3528316