98 Christian Dr, Santa Rosa Beach, FL 32459
3 beds · 3 baths · 1,857 sqft
This newly renovated 3-bedroom, 2.5-bath home is nestled in the charming Church Street Village of Santa Rosa Beach. The home boasts modern updates, including a newly enclosed bonus room off the living room, perfect for a home office, playroom, or additional lounging space. The open-concept living area is designed for comfort, with a seamless flow. The home's thoughtful updates extend to all-new fixtures throughout, giving the space a fresh and contemporary feel. With a focus on both style & functionality, this home is perfect for anyone seeking a move-in ready property. The master suite is located on the main floor and includes an ensuite bath for added privacy and convenience and features a double vanity, towel warmer, tiled walk-in shower and walk-in closest. Located just off the kitchen is the laundry area & a half bath that is an added convenience for guest. The home's layout includes two well-sized bedrooms upstairs, which share a full bathroom. Both rooms feature built-out closets, offering ample storage and organization. The garage is a now equipped with built in storage and is climate controlled. As you head outside the new improvements include gutters, landscape lighting, expanded driveway which can now accommodate 3 vehicles, and a new expansive paver patio which expands along the back of the home. Every detail, from the new fixtures to the custom paver patio, has been carefully designed to create a serene and inviting atmosphere, making this home a true standout in Santa Rosa Beach. Church Street Village amenities include a community pool, Fitness Center and Playground! This property is located just 2.5 miles from Ed Walline beach access, 1.5 mile to Publix and surrounded by great local dining options.
Source: EMERALDCOAST #966313
Financials
Source: Public records
Source: EMERALDCOAST #966313
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.