90 Southhaven Cir # 15, Santa Rosa Beach, FL 32459
3 beds · 3 baths · 1,712 sqft
Location! Location! Location! Nestled in the heart of South Walton, 90 Southhaven Circle is a charming 3-bedroom, 2.5-bath townhome that exudes warmth and style. This delightful residence is just a short distance from 30A, as well as shopping, dining, and schools, making it the perfect blend of convenience and tranquility.Step inside to find fresh paint throughout and a spacious full garage offering ample room for a vehicle and additional storage. The ground floor welcomes you with an open living concept, centered around a generously sized living room and a kitchen featuring a breakfast bar. Upgrades include LVP flooring, and sleek stainless steel appliances, adding a modern touch to this inviting space. The living room flows seamlessly onto a private screened patio, an ideal spot for relaxation or entertaining guests. For added convenience, there's a half bath on the first floor, perfect for visitors. Venture upstairs to discover the master bedroom, complete with an en-suite bathroom and a walk-in closet. The second and third bedrooms share a well-appointed bath, and there's a dedicated laundry area on this floor as well. With a total of 1,721 square feet, this home offers plenty of living space for your comfort and convenience. Please note that short-term rentals are not allowed in this community; however, it would make an excellent investment for those interested in long-term leasing. This home is move-in ready and has been meticulously maintained, awaiting your personal touch.
Source: EMERALDCOAST #971158
Financials
Source: Public records
Source: EMERALDCOAST #971158
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
