5347 Woodlake Trce, Gulf Breeze, FL 32563
4 beds · 2 baths · 2,107 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Seller will pay title if using Emerald Coast Title Services in Destin. Welcome to this impressive 4-bedroom, 2-bathroom home, boasting 2,107 square feet of meticulously designed living space that feels even larger. This open floor plan is built to impress, offering no wasted space and a host of premium upgrades throughout. Step inside to discover exquisite natural stone floors and beautiful wood-look tile, blending timeless elegance with modern style. Enjoy the grandeur of 14-foot ceilings in the common areas and 9-foot ceilings in the bedrooms, enhancing the home's spacious and open feel. Throughout, you'll find 8-foot solid core doors, crown molding, and.... ..thoughtful details that elevate the design. The luxurious master bath features a large walk-in shower and a heated jacuzzi tub, perfect for relaxing after a long day. This home also includes a central vacuum system, whole-house audio, and a hard-wired security system, providing both convenience and peace of mind. Located in a beautiful, friendly neighborhood, you'll enjoy access to a community boat/RV storage, and the public county-maintained boat ramp to the bay is less than half a mile away, ideal for boating enthusiasts! Built by one of the area's most sought-after builders, this home blends quality craftsmanship with modern amenities.
Source: EMERALDCOAST #970585
Source: EMERALDCOAST #970585
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.