3354 Shoal Creek Cv, Crestview, FL 32539
3 beds · 2 baths · 1,182 sqft
Great New Price, and get a New Roof upon closing. This is a wonderful opportunity and location at a great new price. This open and split floor plan 3 bed 2 bath home with a woodburning fireplace is perfectly situated near the end of a charming cul-de-sac. This home is in South Crestview, and sitting on a large approximately .41 acre fenced lot. Being south of I-10 it's close to everything Crestview has to offer, with easy access to I-10, bases, or Niceville. Cul-de-sac neighborhoods offer very little traffic and gives a feeling of privacy. The high vaulted ceiling in the large living room adds even more of a spacious feel, but with the coziness of the fireplace for enjoying those colder winter nights. The living/dining and wet areas have ceramic tile flooring. The large kitchen is open to the dining space and living room for an open floor plan, with the master bedroom adjacent to the kitchen. The master bedroom features a master bath and walk in closet. The additional 2 bedrooms are on the front area of the home. The open kitchen offers stainless appliances that are all less than 2 years old and a good amount of storage and counter space. There is gas supply located behind electric stove, if you would ever decide to make the switch to cooking with gas. Central AC with gas heat, may help reduce that power bill. This home could be just what you're looking for. Call to schedule your showing today! All dimensions and information is deemed to be accurate, all interested parties should verify any information they feel is important.
Source: EMERALDCOAST #964859
Source: EMERALDCOAST #964859
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 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.
Other resourcesWhat 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 “Get Notified” 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 580, 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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