330 Bluefish Dr # 239, Fort Walton Beach, FL 32548
2 beds · 3 baths · 1,260 sqft
[Currently not considering subject-to/creative financing arrangements] **ASSUMPTION DEAL** 3.25% Assumption available, while Seller keeps their entitlement. This makes for a great deal as the payments are low!Stunning Waterfront Condo with Breathtaking Intracoastal Views - Ideal Investment Opportunity on Okaloosa Island and great primary home!Wake up to panoramic views of the Intracoastal Waterway in this beautifully remodeled 3-bedroom, 2.5-bathroom condo at Commodore's Landing, located on desirable Okaloosa Island. This split-level unit offers 1,260 sq. ft. of thoughtfully designed living space on the second floor, with direct access to your own private deck from both the living room and the waterfront master suite.. The real highlight of this condo is its unparalleled water view. Whether you're enjoying your morning coffee from the master suite's private balcony or unwinding in the living room, the serene beauty of the Intracoastal Waterway will captivate you. The spacious master suite features a queen bed, a fully remodeled en suite bathroom, and direct water views, while the two additional guest bedroomsone with a queen bed and a private bath, and the other in a charming loft spaceoffer ample comfort and privacy for family and guests. As an added bonus, this unit is just steps away from the pristine beaches of Okaloosa Island and is close to popular local dining, shopping, and outdoor activities. This turn-key property also boasts exceptional income potential, having grossed over $50k in previous years as a high-performing short-term rental. With its ideal location, beautiful water views, and solid rental history, this condo is perfect for investors looking to maximize returns or for anyone seeking a luxurious waterfront retreat. Don't miss out on this rare opportunity! Schedule your showing today and discover the potential of owning a property with both lifestyle and financial rewards.
Source: EMERALDCOAST #965940
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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 #965940
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.