297 Cox Rd, Santa Rosa Beach, FL 32459
4 beds · 4 baths · 2,492 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to Harstevedt Plantation, a non-rental community in the heart of Santa Rosa Beach. This home is situated in a family friendly neighborhood, yet still offers close proximity to public beach accesses on Scenic Highway 30A, a community Bayfront Park, plus local favorite restaurants like North Beach Social and the The Bay. This elegant two-story home offers 4 bedrooms and 3 and half bathrooms in addition to the added convenience of a first floor flex space that serves the current owner as a home office. You'll appreciate the details in this custom built home with open concept living space, yet the flexibility of a second floor family room or guest retreat with private entrance. The first floor features open concept living space with a custom electric fireplace, a half bath, and office/ flex room that opens up into the fully fenced backyard, with a newly constructed deck space. Upstairs you'll find the spacious primary bedroom with ensuite bath with double vanity and generously sized walk-in closet. The second floor is also where you will find two additional bedrooms with a shared bath and the laundry. An added bonus to this level is the guest suite which can be accessible from the main home or closed off to provide a retreat with a separate entrance and privacy from the main home. This space is currently used as a secondary family room and 4th bedroom and bathroom. Another surprise feature of this home is the 3rd floor attic, offering a heated and cooled space for all your families treasures and storage.
Source: EMERALDCOAST #961276
All values shown are estimated costs / mo.
Source: Public records
Source: EMERALDCOAST #961276
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.