12 Hillcrest Dr Shalimar, FL 32579
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About this home
Located in the heart of the sought-after Poquito Bayou area in Shalimar, FL - this spacious 5 bedroom, 5 bathroom home in the Longwood Pines subdivision is a one-of-a-kind property - with no HOA! The perfect location for anyone that commutes to any of the local area military bases - just 3.2 miles from the West gate of Eglin Air Force Base! Inside, the home boasts generous living spaces, including a versatile great room with its own ensuite bathroom - ideal for use as a private den, office, or a fully equipped mother-in-law suite. The open concept main living area features the kitchen with granite countertops and a breakfast bar and blends into the living room that showcases a floor to ceiling brick fireplace and 3 sets of slider doors that all slide completely into the wall to open the backyard patio space - making the most epic entertainment spot for those good weather nights - showcasing the covered, paver patio with grilling area and the in-ground spillover pool and spa that is the main attraction for this backyard oasis! The primary suite features an oversized walk-in closet, a spa-like ensuite with a double vanity, walk-in tiled shower, and a separate tub. The 4 additional bedrooms - one with its own ensuite bathroom, and two that share a Jack-and-Jill bathroom - are just down the hall. Schedule your showing today and make this unique Shalimar yours today!
Source: EMERALDCOAST #978065
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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.