241 Mullet Dr Freeport, FL 32439
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About this home
Spacious Retreat with Versatile Living, Barns, on 2 lots combined to almost 1 ACRE-- Just minutes from the Emerald Coast! Brand New ROOF!!! Welcome to 241 Mullet Drive--a beautifully updated 3-bedroom, 3-bathroom home offering abundant space 2249 SQ FT, flexibility, and functionality in the heart of Freeport with NO HOA. This residence features luxury vinyl plank flooring and granite countertops throughout, delivering a modern, cohesive feel.The open-concept layout provides a generous main living area ideal for entertaining or everyday living. A standout feature is the expansive secondary master suite, created by combining two bedrooms--easily convertible back to a 4-bedroom layout if desired.The converted garage functions as a private mother-in-law suite, complete with its own bathroom and separate entrance; perfect for guests, extended family/friends, or potential rental opportunities. Step outside and discover the property's incredible extras: A huge 40x60 barn on a concrete slab; designed with the idea of a man cave or she-shed in mind, offering endless potential for hobbies, storage, or workspace. A 40x18 pole barn, ideal for protecting your RV, boat, or recreational vehicles. All this, just a short drive to Freeport's town center, the new Walmart Coming Soon, and the world-famous South Walton beaches along the Emerald Coast, offering sugar-white sand and turquoise waters. Enjoy the best of both worlds - peaceful country living with quick access to coastal paradise. This is your opportunity to own a truly unique and versatile home close to everything Northwest Florida has to offer. Don't forget, there is a separate lot if you needed to convert the 40x60 barn into a house. Call today before it's gone.
Source: EMERALDCOAST #978067
Neighborhood
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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.
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