108 Woodlawn Dr Panama City Beach, FL 32407
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About this home
A Charming single-family ranch-style home in the coveted Woodlawn neighborhood of Panama City Beach, FL. This beautifully maintained property blends classic comfort with beach living, offering the perfect retreat or year-round residence just minutes from the sugar-white sands and turquoise waters of the Gulf. With 1,722 sq ft of single-level living, the home features tile and laminate flooring, a spacious layout, and a full appliance package including washer, dryer, refrigerator, and dishwasher. A versatile bonus room, workshop, and a shed provide extra space for hobbies, storage, or a home office.The nearly 9,600 sq ft lot is fully fenced and designed for outdoor enjoyment with a patio, and outdoor shower--perfect for entertaining or relaxing after a day at the beach. Paved parking, and a storage shed add durability and convenience. Ideally located just minutes from the sugar-white sands of Panama City Beach, top-rated schools, shopping, dining, and boating, this home offers both lifestyle and value. As an added bonus, a home warranty policy is included, providing peace of mind for the next owner. This property is an excellent option for full-time living, a vacation retreat, or an investment home. Schedule your private showing today and experience the comfort and coastal charm of 108 Woodlawn Drive.
Source: EMERALDCOAST #980087
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.