542 NORTHERN DANCER DR, Crestview, FL 32539
// PRICE IMPROVEMENT!!! // Nestled in a peaceful cul-de-sac, this stunning all-brick 3-bedroom, 2-bathroom home offers an exceptional living experience with easy access to shopping, schools, hospitals, and medical facilities. The property is ideally located in south Crestview, ensuring shorter commutes to Eglin and Duke Field. This home boasts a host of modern upgrades including a newer roof (late 2017), newer HVAC (July 2016), newer windows (October 2019), paint (2020), and newer flooring, ensuring that it's move-in ready and maintenance-free for years to come. You can also enjoy PAID OFF SOLAR PANELS at closing! Inside, you'll find a spacious living room with vaulted ceilings that create an open and airy atmosphere. The split bedroom floor plan provides privacy and functionality, with a formal dining room perfect for family gatherings. The master suite is a true retreat, featuring a walk-in closet, double sinks, a garden tub, and a separate shower. The kitchen is a chef's dream, equipped with a breakfast bar, stainless steel appliances, an eat-in kitchen area, and a pantry. The family room, complete with a cozy corner fireplace, opens up to a large fenced backyard through sliding glass doors, making it an ideal space for entertaining. Outside, the backyard is an oasis with a covered patio featuring a pergola, a second sitting area with slate decking, and a storage building for all your yard equipment. Additional amenities include a separate large laundry room and a 2-car garage. With its prime location and extensive list of features, this home won't last long. Come see it today and make it yours! All descriptions and measurements are believed to be accurate, but if deemed to be important, must be verified by buyer.
You may be able to put down less than the total down payment amount of $108,087 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #649821