3278 Main St, Navarre, FL 32566
4 beds · 2 baths · 2,583 sqft
Discover this 4-bedroom, 2-bathroom home in Navarre, FL, featuring a fully paid-off solar panel system that delivers an average electric bill of just $26 per month, with 20 years remaining on the warranty. This energy-efficient upgrade reduces utility costs and adds significant long-term value, making it a standout benefit for buyers and a key consideration for appraisers.Located in an area with no HOA restrictions, this property offers flexibility and appeal. The split floor plan is designed for privacy and practicality, with the primary suite separated from the three additional bedrooms. The primary suite includes a spacious layout and an ensuite bathroom with granite countertops, while the other bedrooms provide ample space for family, guests, or a home office. The open-concept kitchen, equipped with granite countertops, connects directly to the living area, offering a functional and appealing space for daily living. Granite finishes extend to the bathrooms, adding consistency and durability throughout. The home also includes a formal dining room and a separate flex room, which can serve as an office, playroom, or additional living space based on your needs. Outside, a large screened-in porch provides a comfortable area for year-round use, leading to a fully privacy-fenced backyard suitable for relaxation or activities. The property features a well for the sprinkler system and gutters for efficient maintenance. Inside, upgrades include an epoxy-coated garage floor, an AO Smith Signature Premier Hybrid Water Heater, ceiling fans in multiple rooms, and vinyl blinds throughout. Public boat ramp access is available less than a mile away off Live Oak Street, a convenient feature for water enthusiasts. The stained privacy fence enhances the backyard's appeal, and the absence of HOA fees offers added freedom. Additional highlights include a sprinkler system well and proximity to local amenities. This Navarre home combines energy-saving features, quality finishes, and a practical layout. Schedule a showing today to see the value and potential this property offers.
Source: EMERALDCOAST #970652
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: EMERALDCOAST #970652
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What 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 “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.
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 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.
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