818 Magnolia Shores Dr, Niceville, FL 32578
3 beds · 3 baths · 1,930 sqft
Get a free consultation call with an expert in the mortgage assumption process.
** VA ASSUMABLE INTEREST RATE OF 2.5% ** Welcome to this stunning single-family home in the heart of Niceville, Florida! This beautifully maintained 3-bedroom, 2-bathroom property offers the perfect combination of comfort, convenience, and sustainable living.As you enter the home, you'll be greeted by a spacious and open floor plan that seamlessly connects the living, dining, and kitchen areas. Featuring TWO living room areas, this home offers plenty of space for family gatherings, while the modern kitchen boasts ample cabinetry, a new dishwasher, and a breakfast bar.The master suite is a true retreat, featuring a spacious layout and an en-suite bathroom with a large walk-in slate floor shower. Two additional well-sized bedrooms provide plenty of space for family, guests, or a home office. Step outside to your private oasis! The screened-in pool is the perfect place to cool off on hot summer days, while the covered patio offers a relaxing spot to unwind in the evenings. In addition to the pool, this home is equipped with paid-off solar panels, ensuring energy savings and a smaller carbon footprint. Plus, there's ample space for your RV or boat, making it easy to enjoy all that the Florida lifestyle has to offer. Situated in a tranquil neighborhood, this home is also conveniently located to top-rated schools, parks, shopping, dining, and more. Don't miss out on this exceptional opportunity to own a home that blends style, functionality, and sustainability! Roof - 2021, HVAC - 2010 & 2021 (2 separate units for upstairs/downstairs), HWH - 2006, Pool pump - 2021, Dishwasher - 2025
Source: EMERALDCOAST #969436
Source: EMERALDCOAST #969436
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.