6150 Forest Bay Ave, Gulf Breeze, FL 32563
4 beds · 4 baths · 2,785 sqft
Welcome Home to this truly stunning 4 BEDROOM / 3 FULL BATH split floor plan home! BETTER than waiting for NEW--only four years young and already outfitted with all the modern touches. Need a mother-in-law suite or guest quarters? Look no further! This exquisite home offers everything you could wish for inside and out. The owner's relocation is your dream opportunity to step into this turnkey property.Inside, you'll find gorgeous LVP flooring throughout the main living areas and elegant plantation shutters. The Craftsman-style kitchen boasts staggered shaker cabinets, granite countertops, stainless steel appliances, and a large center island with double-sided cabinets. The fully fenced yard is complemented by a screened-in porch, perfect for enjoying those serene Florida evenings. Situated in the sought-after Forest Bay Estates, this newly established neighborhood features no through traffic, a community gazebo, and a large pool. Conveniently located close to facilities, this home is perfect for family living with its great floor plan and welcoming curb appeal, enhanced by a Craftsman-style front porch in soft coastal pastel colors. Upon entry, you'll be greeted by a long foyer with wood-look LVP flooring and plenty of room for your entrance table. The open flow leads to a light-filled family room with a tray ceiling, recessed lighting, ceiling fan, and a custom-built electric fireplace with open shelving and closed cabinets. Adjacent is a formal dining area and a beautiful kitchen with a large center island, custom corner pantry, and a versatile breakfast nook overlooking the back garden. The primary bedroom, split from the others for added privacy, features a tray ceiling with crown molding and a ceiling fan. The ensuite bath includes a granite double vanity, garden soaking tub, separate shower, private water closet, and a large walk-in closet. Two additional bedrooms share a Jack-and-Jill bathroom with a granite double vanity and shower/tub combo. A fourth bedroom, ideal as a guest suite or mother-in-law quarters, has its own ensuite bathroom and is accessed through a den, perfect as a private living room or office. Additional features include a spacious and functional utility room with custom-built seating, hooks, and storage cabinets, and a 3-car garage for all your outdoor toys. This home also comes equipped with fabric shield storm shutters and gutters. Call today to arrange your tour of this wonderful family home!
Source: EMERALDCOAST #966536
Financials
Source: Public records
Source: EMERALDCOAST #966536
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.