486 Fanny Ann Way, Freeport, FL 32439
3 beds · 2 baths · 1,593 sqft
It's all about the FLORIDA LIFESTYLE in this boho cottage home with adorable curb appeal!Take a Relaxing stroll to the pools, gym, community center, brewery and all of the fabulous events including outdoor movies, Christmas tree lightings, 4th of July pool parties and regular farmers markets. No need to make plans, there's always something to do and friends to make in hammock bay. Walk to the elementary bus stop that takes only 5 mins to get to school - no car drop off line! And middle schoolers ride their bikes to the brand new state of the art school. Forget something at the store? No worries, the general store has everything you need including fresh breakfast options, lunch and dinner! Or pop over to one of the many food trucks to grub and catch up with neighbors. Not a fan of yard work? No worries, it's included in the HOA fees! Make unforgettable memories with your loved ones while you grill and host at the pools or take a 5 minute drive to the community dock and watch the sunset over the bay while you catch dinner. Can't forget the 20 minute drive to the famous 30A beaches. Live local life while you also enjoy all of the amenities hammock bay has to offer for your family. Retreat home to peace and quiet away from the buzz of the tourists. 20k in upgrades including new kitchen countertops, cabinets, bathroom upgrade, and full landscape redo for the largest yard in schooners.
Source: EMERALDCOAST #967071
Financials
Source: EMERALDCOAST #967071
Source: Public records
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.