3 12th St, Shalimar, FL 32579
3 beds · 2 baths · 1,704 sqft
LARGE LIVING SPACE, FLORIDA ROOM, AND WORKSHOPThis spacious 3 bedroom, 2 bath brick home has plenty of living space with 2 living rooms and a Florida room. All the major appliances are new and the entire home is smart. You can control the HVAC (2023), lights, dishwasher, water heater (2023) and other appliances with the convenience of your own phone. Roof is 2020. Bathrooms have been upgraded with tile both on the walls and floor. Seller also updated the flooring throughout with LVP. Luxury Vinyl Planking is durable and stylish. Master bedroom is expanded with a nice sized walk in closet. Off the kitchen you will find the Florida Room, a great flex space that would make the perfect kid's playroom, office, and is the perfect spot for all your indoor plants. Love to DIY? You will love the huge workshop, that's wired for electric and is the ideal place for all your DIY projects. When you're finished with your DIY projects, shower off in your outdoor shower. Home is located on a no-thru, low traffic street. Driveway has plenty of space for all your cars, your boat and/or a RV. **NEW SOD COMING SOON**
Source: EMERALDCOAST #969011
Financials
Source: EMERALDCOAST #969011
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.
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