311 Beal Pkwy N, Fort Walton Beach, FL 32548
3 beds · 2 baths · 2,151 sqft
Get a free consultation call with an expert in the mortgage assumption process.
$9500 SELLER CONCESSION TOWARD THE BUYERS CLOSING COST !!! Indulge in coastal charm while enjoying your own oasis! This immaculate house is located in the heart of Fort Walton Beach area near the Eglin and Hurlburt military bases, schools, entertainment, and the Emerald Coast's sandy beaches. This property offers an open living space concept with a spacious living room, a modern kitchen with a beautiful granite kitchen island, and a split bedroomfloor plan with a huge master suite and a walk in closet. There is a second living - dinning room with a fireplace and a built-ins. Going into the fenced backyard you will find a covered patio, with pavers, a swimming pool, a decorative water fountain, and an outdoor bar. There is a new stucco block wall that offers the perfect amount of privacy and make this property a little piece of paradise. This house features a metal roof, an automatic irrigation system. A central vacuum,2 sweeps, 3 interior vac locations, hose length reaches all areas including ceilings, exterior hookup at vacuum cylinder for use in garage or cars etc. A security system in place with carbon monoxide alarms in addition to standard fire alarms. A list of finishes and details are included in the documents section.
Source: EMERALDCOAST #958804
Source: EMERALDCOAST #958804
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.