7849 Lola Cir, Navarre, FL 32566
4 beds · 2 baths · 2,203 sqft
Assumable VA loan at 3.625% available for a VA eligible buyer. This home is a fantastic value for the price for granite counters, stainless appliances, all brick exterior and tile floors throughout. PLUS the added peace of mind of the roof and HVAC less than 5 years old AND a 1 year home warranty. Welcome to this stunning 4 bedroom home on a corner lot with views of East Bay. This spacious home boasts an open, split bedroom floor plan with vaulted ceilings, no carpet, a fireplace and 2 rooms for entertaining.The kitchen connects to both a dining room and breakfast nook and features gorgeous dark cabinets with black granite countertops.The primary suite has a tray ceiling with access to the all season room and primary bath with dual sinks, a separate tub and shower and a walk in closet. and a walk in closet. There are 3 generous sized guest rooms and bath on the other side of the home. Enjoy views of the water from your dining room or front paver patio. Step into your personal tropical garden out back and enjoy coffee on your patio or a drink around the paver fire pit within the privacy fenced yard. There is plenty of storage in the extra cabinets in the laundry room, garage and shed. The community features a shared dock on East Bay where you can fish, launch a kayak or catch spectacular sunsets over the water.
Source: EMERALDCOAST #957562
Financials
Source: EMERALDCOAST #957562
Source: Public records
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%. 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.
Other resourcesWhat 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.