542 Northern Dancer Dr
Crestview, FL 32539
3 beds · 2 baths · 1,944 sqft
$285,000
Get prequalifiedAbout this home
// PRICE IMPROVEMENT AND SOLAR WILL BE PAID OFF AT CLOSING // 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. 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.
Source: PENSACOLA #649821
5-year savings
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.