7739 RAMONA DR, Navarre, FL 32566
ASK ABOUT THE LOW RATE FHA ASSUMABLE LOAN! Beautiful POOL home with neighborhood water access! This all-brick home features a spacious, split floorplan with 4 generously sized bedrooms, perfect for family living or hosting guests. Step inside, where you'll find a dedicated dining room for those memorable get togethers and a bright sunroom that's fully heated and cooled. Cozy up in the inviting living room, where a wood-burning fireplace sets the stage for cozy evenings and the vaulted ceilings and Red Oak hardwood floors add a touch of elegance and warmth. The kitchen is equipped with modern stainless Slate appliances, including a French door refrigerator and pantry. Whether you're preparing a feast or a quick snack, this kitchen is ready for culinary adventures. Step outside to the backyard oasis! The well landscaped garden features a large Saltwater Pool, perfect for cooling off on hot summer days; a lawn area with a kids playset and an expansive patio ideal for entertaining. Imagine weekend barbecues, poolside parties, or simply relaxing with a good book. Recent updates ensure peace of mind: a new roof in 2019, energy-efficient windows installed in 2017, and a fresh pool liner added in 2021, plus a transferable Termite bond. Location is everything, and this one will does not disappoint! Nestled in a small community on East Bay, this 'Reel' family friendly neighborhood features waterfront access with a small pier where you can fish, marvel at stunning sunrises and sunsets, spot Dolphins, or even launch your kayak! You're also just a short drive from Navarre Beach, offering endless opportunities for sun, sand, and surf....but that's not all - with easy access to great local schools, shops, dining options, and an easy commute to Hurlburt Field, convenience is on your doorstep. See it today and discover the perfect blend of luxury, and comfort. Your dream home awaits.
You may be able to put down less than the total down payment amount of $146,510 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: #650164