294 Echo Cir, Fort Walton Beach, FL 32548
3 beds · 2 baths · 1,512 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Seller says sell!! Price reduced $6000 and is offering a Buyer Credit of $4000 at closing with acceptable offer! Upscale Living at an Affordable Price! Nestled in the highly sought-after Northgate community, this incredible gem offers upscale finishes without the hefty price tag. This beautifully renovated house features brand-new plumbing, installed by Benjamin Franklin Plumbing and backed by a 25-year warranty. New gutters have been installed on the entire home and the roof was installed in 2018, HVAC was installed in 2016 with a Quantum air scrubber, hot water heater was installed in 2017 and home has copper wiring. Inside, enjoy new flooring throughout. LVP in the kitchen, living room, hallway, and laundry room, carpet in all bedrooms, and tile in the bathrooms. The home has been given a fresh update with smooth ceilings, full repaint, and new interior and closet doors, while cased-in windows and new light fixtures add a polished finish. The fully remodeled kitchen is a highlight, featuring new drywall, upgraded electrical with additional outlets, and top-of-the-line Samsung appliances. The stunning quartz countertops and a bar top provide extra seating, paired with custom soft-close cabinetry. Both bathrooms have been completely renovated. The master bath boasts a floor-to-ceiling tiled shower, new vanity, and updated lighting. The guest bath includes a new tub, vanity, light fixtures, and a recessed medicine cabinet for added convenience. With thoughtful updates in every room, including new molding and upgraded interior doors, this home is truly move-in ready. Known for its breathtaking holiday displays and close-knit neighborhood charm, Northgate is a place where community spirit truly shines, making it one of the most desirable areas to call home. Don't hesitate! This home won't stay on the market for long!
Source: EMERALDCOAST #962229
Source: EMERALDCOAST #962229
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.