854 Cannon Ln, Destin, FL 32541
3 beds · 2 baths · 1,698 sqft
Don't miss the opportunity to own in Osprey Landing! Rarely do these charming homes come on the market. Location, location, location in the heart of Destin. Pretty streetscape! Private street and quiet. Just minutes away from the white sand beaches of the Gulf. Convenient to shopping and groceries . This open concept home is perfect for entertaining with a large kitchen and living area which opens to the quaint backyard. The kitchen has new stainless appliances, gas range, microwave, dishwasher and counter/bar. There is also an eat in kitchen nook, and a walk in pantry. Large master suite and closet with built in shelves. Master bath has separate shower and garden size tub, double vanities, tile floors. Hardwood floors in living area, kitchen, hallway, master bedroom and guest rooms. Tile in master bath, guest bath and laundry room. Crown molding throughout, vaulted ceilings, recessed lighting, 2 car detached garage in the back of the home. Yards are included in Home Owners Fee. Privacy fences on all sides of the yard. Paver patio in the backyard. Gated back driveway entry. Home has a termite contract that is transferable. Much much more.
Source: EMERALDCOAST #972209
Financials
Source: EMERALDCOAST #972209
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.