312 Newcastle Dr, Fort Walton Beach, FL 32547
3 beds · 2 baths · 1,412 sqft
Get a free consultation call with an expert in the mortgage assumption process.
VA - Assumable Loan 3.5%. Experience contemporary living in this renovated 3-bedroom, 2-bath home with a versatile bonus room. Ideally located, this home offers easy access to pristine white sandy beaches, top-rated schools, an array of shopping options, and diverse dining experiences.The kitchen showcases granite countertops, custom cabinetry with crown molding, beautiful hardware, and an under-mount sink. A window over the sink offers a pleasant view of the backyard. The home features an upgraded electrical service panel and double-pane windows, and the HVAC was replaced in 2023. The bathrooms feature new vanities, mirrors, brushed nickel hardware, lighting, and towel racks, with the master bathroom offering the luxury of a frameless glass walk-in shower. Flooring throughout the house has been updated with laminate and tile for a sleek finish. The open floor plan creates an inviting environment, with vaulted ceilings in the master bedroom, guest bedroom, living room, dining room, and kitchen, adding a sense of grandeur to the space. Exterior features include a one-car carport and front gutters. Enjoy expansive outdoor living with an open patio in the fenced-in backyard, complemented by a storage shed for added convenience.
Source: EMERALDCOAST #973710
Source: EMERALDCOAST #973710
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.