725 Prestwick Dr, Niceville, FL 32578
4 beds · 3 baths · 2,436 sqft
Get a free consultation call with an expert in the mortgage assumption process.
*VA Assumable at 4.625%*Welcome to this beautifully updated residence nestled in a quiet cul-de-sac in the highly desirable Bluewater Bay community. Situated on an oversized lot, this home boasts exceptional curb appeal with neutral gray Hardie board siding, a custom paver driveway, impact glass windows, and a fully fenced backyard featuring a unique dog run area. Step inside to discover a spacious and inviting interior with soaring vaulted ceilings, neutral paint tones, and an expansive living area centered around a cozy fireplace. The heart of the home is the show-stopping, fully renovated kitchen, complete with custom Kraftmaid cabinetry featuring pull-out shelving, premium granite countertops, a striking custom range hood, Kenmore Elite stainless steel appliances, island outlets, a pot filler by the stove, and elegant travertine flooring. Adjacent to the kitchen, a versatile Florida room/flex space offers a seamless transition to the serene backyard, which is beautifully landscaped with mature vegetation for added privacy. The home features two generously sized bedrooms on the main floor, along with an updated full bath showcasing a large tiled walk-in shower with glass enclosure, dual vanities, and modern fixtures. A convenient laundry room leads into the oversized two-car garage. Upstairs, the private primary retreat awaits, complete with a spa-inspired en suite bathroom featuring a luxurious walk-in shower with a rainfall showerhead, a deep soaking tub, dual vanities, and ample storage. Enjoy morning coffee or evening relaxation on your private screened-in porch. An additional upstairs bedroom also includes its own en suite bath with a walk-in shower and granite-topped vanity. Additional highlights include beautiful laminate wood flooring throughout, a newer HVAC system, a 2022 roof and water heater, and a sprinkler system on a private well. This home truly combines luxury, comfort, and functionalitydon't miss the opportunity to make it yours!
Source: EMERALDCOAST #973594
Source: EMERALDCOAST #973594
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.