4400 Windlake Dr, Niceville, FL 32578
4 beds · 3 baths · 3,546 sqft
HUGE PRICE IMPROVEMENT!! Claim your piece of paradise with this spectacular WATERFRONT HOME cloistered within the gates of Bluewater Bay's Southwind community. 4400 Windlake Drive is an extraordinary property, positioned perfectly to enjoy both SUNRISE and SUNSET along PROTECTED Grass Lake with immediate access to Choctawhatchee Bay. From the wide and welcoming foyer with soaring ceilings and dramatic staircase to the open concept kitchen, dining, and living space beyond, the water remains on center stage. Find expansive water views from nearly every room in the home including all four bedrooms! Refresh in the POOL, dine alfresco, or host a party inside the generously sized screen enclosed pool deck also overlooking Grass Lake. Relax and unwind around the fire pit just outside the screen enclosure or wander to the thoughtfully redesigned dock and boat house (2019) for a breathtaking, immersive wildlife experience as dolphins, manatees, schools of fish, waterfowl, osprey, bald eagles, and even a family of otters play! Indoors, this home exceeds expectations in terms of functionality, flexibility, comfort, and style. Boasting over 3,500 square feet of living space, an oversized 2-car garage with a tandem golf cart extension, and multiple walk-in attic storage areas, discover a place for everything and everything in its place. In addition to the living, dining, and kitchen area at the heart of the home, the main floor also features a formal dining room currently used as an office, a cozy family room with gas fireplace, a laundry/utility room with work sink and ample storage, a stylish half bathroom, a super functional flex room currently used as a home gym, and a serene primary bedroom suite with access to the pool enclosure. The second floor offers three spacious bedrooms, one full bathroom, a bonus room with direct access to one of two attic storage spaces, and a covered balcony overlooking the water and accessible from two bedrooms. 4400 Windlake Drive represents a special opportunity to own a waterfront pool home in gated Southwind, one of Bluewater Bay's most desirable communities. Take full advantage of all that Bluewater Bay resort has to offer including golf, tennis, pickleball, pools (separate fees/memberships available for all these amenities), miles of recreational trails, a marina complex and boat ramp, restaurants, shopping, health care, and more are all within easy reach. Zoned for Bluewater Elementary School, with a choice of Destin or Ruckel Middle School, and Niceville High School. Whether by boat or car, arrive quickly and easily across Choctawhatchee Bay and enjoy the Emerald Coast's world-famous white sand beaches, entertainment, shopping, and more in Destin and 30A.
Source: EMERALDCOAST #967495
Source: EMERALDCOAST #967495
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.