5972 FOREST BAY AVE, Gulf Breeze, FL 32563
Welcome to your dream home in Forest Bay Estates! This 4 bed, 3 bath residence is loaded with upgrades. Upon arrival, you'll notice the beautiful landscaping and charming exterior that sets the tone for the inside of the home. Entering this open concept, split floorplan property, you'll discover a meticulously crafted interior with multiple high-end finishes and thoughtful design choices, including the newly installed wallpapered accent walls in the breakfast nook, dining room, and primary bedroom. LVP flooring throughout the home. The gourmet kitchen features a plumbed in propane gas powered stove with air fryer and plancha burner, upgraded quartz countertops and backsplash, large wet island with farmhouse sink and cabinets for ample storage, and a breakfast nook off the side The living room is flooded with the natural light that shines through the large windows that look out into your own backyard oasis with a view of the pond and the forest behind the property. The extended patio is the perfect outdoor entertaining space. The primary suite features a beautiful tray ceiling and has a spa-like bathroom with a double vanity, walk-in closet, garden tub, and separate shower. The 3 additional bedrooms offer plenty of space for family members or overnight guests. Rest easy during storms, knowing the whole house Generac generator will keep everything up and running. The HVAC was recently upgraded with sealed ducts and an air purifier for maximum efficiency during these hot summer months. The garage is fully finished and features a wired plug in for electric vehicle charging. The community offers a gated pool with pavilion and gazebo. Come see this beauty today!
You may be able to put down less than the total down payment amount of $135,722 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: #650344
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.