1118 S Comet Ave Panama City, FL 32404
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About this home
Welcome to your perfect family home, nestled in a vibrant community, close to the conveniences of everyday life. This delightful three-bedroom, two-bathroom brick ranch offers a blend of modern updates and timeless appeal, ensuring a comfortable lifestyle for you and your loved ones. Upon entering, you are greeted by a warm and inviting family room. This spacious area serves as the heart of the home, complete with a cozy fireplace that adds charm and warmth to those cooler evenings. The open layout makes it an excellent space for family gatherings or quiet nights in. Adjacent to the family room, you'll find an updated kitchen designed for both function and style. Modern fixtures, ample cabinetry, and sleek countertops provide the perfect setup for preparing meals and entertaining guests. Whether you're a seasoned cook or a casual meal preparer, this kitchen will meet your every need with ease. The master bedroom is a true retreat, featuring ample space to unwind after a long day. It includes a private master bath, giving you a personal sanctuary right at home. Each additional bedroom is generously proportioned, making them ideal for family members or guests. Step outside to discover a beautifully fenced backyard, an ideal space for children to play safely or for hosting family gatherings and barbecues. This outdoor area is both private and spacious, offering the perfect blend of relaxation and recreation. Location is paramount, and this property truly shines in its proximity to local amenities. A short distance away, you'll find Tyndall Airforce Base and an array of restaurants, making dining out a breeze. Shopping centers are conveniently nearby, providing every retail option you could desire. For families, local schools and parks are within easy reach, facilitating both education and outdoor activities for children. This property is not just a house; it's a place to call home. It offers a thoughtfully designed living space in a thriving community, perfect for creating lasting memories. The combination of its cozy feel, updated amenities, and superb location meets all the needs of a modern family. This Home is a MUST SEE!!
Source: EMERALDCOAST #984571
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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.