42 Sarona St, Freeport, FL 32439
4 beds · 3 baths · 2,024 sqft
Get a free consultation call with an expert in the mortgage assumption process.
No fault to the sellers, we are back on the market! Welcome to this four-bedroom, three full bathrooms home currently in the highly sought - after Hammock Bay community! FHA assumption for qualified buyer with a 2.875% rate. This home offers an open-concept layout perfect for entertaining, with LVP flooring throughout the main floor and cozy carpeted bedrooms. The primary suite and an additional bedroom with a full bath are conveniently located on the main level, while two more bedrooms and a third full bath are upstairs. A two-car garage provides plenty of storage.But what truly sets this home apart is its prime location, located near everything Hammock Bay has to offer! Enjoy being near it all, Props Brewery, the Town Green for the farmers market and weekend events, and easy access to top-notch amenities, including: resort-style community pool, gym, basketball, tennis & pickleball courts, the community center & theater, playground & sports complex, as well as the canine park & general store. With full landscaping maintenance included, you can spend less time on yard work and more time living the Hammock Bay lifestyle! Plus, you're just 25 minutes from the breathtaking 30A beaches.
Source: EMERALDCOAST #971428
Source: EMERALDCOAST #971428
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.