126 Holmes Blvd NW Fort Walton Beach, FL 32548
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About this home
You know that house you keep hoping to find? The one where all the expensive stuff is already taken care of, but it's still priced low enough for you to make it your own? You just found it.This 3 bedroom home sits on a generous 0.3-acre lot in a central, welcoming part of Fort Walton Beach. The neighbors are chill, the park's right around the corner, and you can be at the beach, your favorite taco spot, or whichever military base you're attached to (Eglin, Hurlburt, or Duke) in just a few minutes.And here's the kicker: this home comes with an assumable VA loan at just 2.25%. That's not a typo. If you qualify, you could step into one of the lowest interest rates around and save a ton over time! It also has all the smart updates already done copper wiring, updated HVAC, roof, gas water heater, and fully paid-off solar panels. Translation: super low power bills and zero big-ticket surprises. The inside could use a little love, but that's the good kind of project. You get to do the fun part: add your personal touch, boost the value, and build real equity. No HOA. No weird rules. Just a solid house with great bones, a big yard, and even a well-fed irrigation system so you're not paying to water your grass. Whether you live in it, rent it long-term, or turn it into an Airbnb escape, this one's a smart move in a neighborhood that feels like home.
Source: EMERALDCOAST #977312
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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.