1121 37th St Niceville, FL 32578
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About this home
Niceville Gem! With an Assumable 2.25% Interest rate VA Mortgage $260,795.11 through 7/25. NO HOA FEES!Home With Heated Pool & Hot Tub! Spacious 4 bedroom, 3 bathroom Home in the heart of town. Close to shopping, dining, gym & more. Not far from Eglin AFB (Approx, 9 Miles). Features 2 living areas & several upgrades. A NEW-ROOF -2024, Gunite pool w/ hot tub -2019, New Electrical sub-panel -2024 -All New Windows -2013, Generac generator -2021. All new ceiling fans & dishwasher -2024, HVAC -2019 with new ductwork & new interior/exterior units, Kitchen refrigerator -2023, Upgraded bamboo floors -2019, Updated 2 bathrooms, All new siding -2019, Fence - 2021. W/D incl. upon written request. A truly meticulously maintained home. All on a large, quarter of an acre lot with a huge pool patio Home has around 51 solar panels and a home Generac generator system . Seller says they only pay about $30 a month for electric service. The seller will pay the panels off in full at closing approx. $69,000. The buyer will enjoy the benefits of clean energy at no additional cost to them! Fireplace was capped. Seller does not use it. Disclaimer: The listing agent believes that the information provided is accurate and true, the buyer and/or buyers agent should verify all pertinent details related to this property, including but not limited to, interior measurements, parcel dimensions, acreage, school zone, zoning, land-use, HOA info (if applicable), and any other information that may affect the buyers decision to purchase this property. The yard shed, fence, sprinklers, and lawn pump, if any, convey AS IS - No known issues.
Source: EMERALDCOAST #978227
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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.