3004 Yorktown Cir, Fort Walton Beach, FL 32547
3 beds · 2 baths · 1,195 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 3004 Yorktown Circle - a super inviting 3-bedroom, 2-bath home tucked away in the Willow Bend neighborhood of Fort Walton Beach. With 1,218 square feet, this place feels surprisingly spacious thanks to its smart layout, high ceilings in the main living area, and big windows that let in tons of natural light.The kitchen is a total win--updated with sleek quartz countertops, a stylish glass tile backsplash, white shaker cabinets, and stainless steel appliances. Whether you're making breakfast before school or hosting a weekend get-together, it's a space that just works.All three bedrooms are just the right size, and the primary bedroom easily fits a king-sized bed with room to spare. It also features a cozy ensuite for a little extra privacy. The one-car garage adds convenience, and the overall flow of the home makes everyday living easy. Located just minutes from both Hurlburt Field and Eglin AFB, it's a great spot for military families or anyone looking for a short commute. This one blends comfort, style, and locationdefinitely worth a look!
Source: EMERALDCOAST #973036
All values shown are estimated costs / mo.
Source: Public records
Source: EMERALDCOAST #973036
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.