136 Blooming Cv Crestview, FL 32539
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About this home
VA Assumable Mortgage 5.5% Welcome to this beautiful almost new 3-bedroom, 2.5-bathroom Craftsman cottage, complete with a dedicated study/office. Spanning 2,033 sq ft, this home offers an inviting open floor plan with 9' ceilings and elegant tray ceilings in the master bedroom and family room.Gourmet Kitchen: Featuring quartz countertops, stainless steel appliances, a pantry and beautiful wood cabinetry. The dining area just off the kitchen is spacious enough to accommodate a large table.Elegant Interiors: Luxury vinyl plank flooring in all areas except the cozy bedrooms.Master Suite Retreat: The master bath includes a garden tub, separate shower, double vanity, water closet, and a generous walk-in closet.Private Quarters: The second and third bedrooms are located on the opposite side from the master bedroom and share a hallway and a full bath, ensuring privacy. Secluded Study/Office: Perfectly positioned at the front of the home for peace and quiet. Ample Laundry Room: Plenty of room for folding clothes, sorting laundry, and organizing supplies. Washer and dryer included. Relaxing Backyard: Relax on your covered back patio facing a wooded area and no rear neighbors. Located in the desirable South Crestview area, this home offers an easy commute to local bases, shopping centers, and the stunning Emerald Coast beaches. The thoughtful split floor plan ensures privacy, making it the perfect retreat after a long day. Don't miss the opportunity to make this like new Craftsman cottage your new home!
Source: EMERALDCOAST #983951
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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.