401 Roscommon Blvd, Niceville, FL 32578
5 beds · 4 baths · 4,060 sqft
This beautifully renovated 5-bedroom, 4-bathroom home with an office is an absolute masterpiece, offering both luxury and functionality at every turn. Located on a spacious 0.69-acre lot, the home boasts a large driveway and plenty of outdoor space for both entertaining and relaxation. With space between neighbors there is no need to feel crowded! The fully remodeled master bathroom features elegant tile, shiplap accents, a rain head shower, and additional shower heads for a spa-like experience. A newer shower door and window enhance the space. Closets by Design built-in closets in four bedrooms maximize storage and organization. Plantation shutters throughout the home add both beauty and privacy to every room. Upgraded newer flooring flows seamlessly throughout the home, and a complete home repaint (will offer touch ups at move out) with newer doors, and baseboards adds a fresh, modern look. Elegant newer light fixtures, including recessed lighting, brighten the space, creating a warm and inviting atmosphere. The fully remodeled kitchen is a chef's dream, with high-end finishes such as soft-close cabinetry, quartz countertops, a Sub-Zero refrigerator/freezer, crushed ice machine, a dishwasher, a large gas stove, a powerful hood vent, and a wine cooler. A convenient walk-in pantry adds extra storage space. The fully renovated basement includes newer drywall, duct work, an upgraded bathroom, and newer flooring, creating an additional living space that can be customized to your needs. Outside, the property features professional landscaping with pavers throughout, including a stunning pavered area around the pool with a gas firepit, pergola, and landscaping lighting, creating a luxurious outdoor retreat. Newer sod and a sprinkler system ensure the lush yard is easy to maintain, while a newer fence around the entire property provides privacy and security. An upper deck rooftop coating has been added to prevent basement leaks, and a newer pool sand pump was also added. Additional upgrades include newer impact windows on the front of the home (with previous impact windows on the back), a newer tankless gas water heater for efficiency and endless hot water. A newer AC unit has been installed on the upper floor, along with newer duct work and a built-in air purifier for improved air quality. The roof was replaced in 2020, providing peace of mind for years to come. With a generous 0.69-acre lot, this home offers a large driveway and plenty of space to entertain, relax, and enjoy your surroundings. An additional finished shed is located in the backyard as well! Every detail has been carefully thought out to provide comfort, style, and functionality, making this an unparalleled opportunity for those seeking a truly upgraded lifestyle. Don't miss the chance to own this exceptional home! Schedule your showing today! BUYER TO VERIFY ALL INFORMATION PROVIDED
Source: EMERALDCOAST #968102
Financials
Source: Public records
Source: EMERALDCOAST #968102
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.