339 N Comet Ave, Panama City, FL 32404
5 beds · 3 baths · 2,158 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**Motivated Seller!** Welcome to this remarkable 5-bedroom, 3-bath residence that sits on 0.69 acres of land. It features a metal roof (2022), HVAC system (2022), and water heater (2022).Effective year built - 2018The generous, fully fenced backyard includes a newly added barn (2023), providing flexible options for storage, hobbies, or even farm animals. Outdoor lovers will appreciate being just a 5-minute drive from John B. Gore Park, offering easy access to fishing and boating.Inside, the home showcases a spacious floor plan highlighted by luxury vinyl plank flooring and bright LED recessed lighting, creating an inviting atmosphere. The thoughtfully designed split layout features two expansive suites, ideal for multi-generational living, along with additional bedrooms for guests.The laundry room is both stylish and functional, featuring a decorative barn door, while the kitchen is designed for cooking and entertaining, boasting shaker cabinets, stunning quartz countertops, a chic tile backsplash, stainless steel appliances, and elegant light fixtures. This property seamlessly combines spaciousness, comfort, and versatility.
Source: EMERALDCOAST #966093
Source: EMERALDCOAST #966093
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.