8141 MERCADO ST, Navarre, FL 32566
This beautifully maintained four-bedroom, two-bathroom home sits on a spacious .34-acre lot in the heart of Navarre. Built in 2016 and offering 1,831 square feet of living space, this home features an open floor plan with durable luxury vinyl plank (LVP) flooring throughout the common areas, carpeted bedrooms offer a bit of warmth and comfort. The large center island in the kitchen is sure to be a gathering spot, seamlessly connecting the kitchen, living room, and breakfast nook. Stainless appliances, granite countertops, and additional pantry storage complete the modern and functional kitchen. When it's time to unwind, the large master suite easily accommodates a king-sized bed and offers plenty of space to spare. The ensuite bathroom features a granite double vanity, a soaker tub, a separate glass-enclosed shower, and a walk-in closet. On the opposite side of the home, three additional bedrooms are generously sized, and the second full bathroom offers granite countertops and a shower/tub combo. Step through the French doors from the family room onto the large 12x12 covered patio, offering the perfect spot to enjoy outdoor meals or relax in the spacious privacy-fenced backyard. A standout feature of this property is its solar panels, which will be paid off at closing with an acceptable offer. Thanks to this energy-efficient upgrade, the average utility bill is an astonishingly low $15 per month. Located in a desirable area of Navarre, close to local amenities, top-rated schools, and beautiful Gulf Coast beaches, this home truly offers the best of Florida living. If you're searching for a move-in-ready home that combines modern comfort, energy efficiency, and a fantastic location, 8141 Mercado Street is the perfect choice
You may be able to put down less than the total down payment amount of $136,479 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: #651868
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.