297 Cox Rd Santa Rosa Beach, FL 32459
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About this home
Welcome to this beautifully crafted two-story home in the sought-after Harstvedt Plantation neighborhood of Santa Rosa Beach. Designed with comfort and flexibility in mind, this custom-built residence offers four bedrooms, three and a half bathrooms, and a versatile bonus space perfect for extended living or guest accommodations.Bonus: The home offers an assumable VA mortgage at 4.625%--a rare opportunity in today's market--and a 1% buyer incentive to make your move even sweeter. Step inside to find durable luxury vinyl plank flooring throughout and an open-concept main living area that seamlessly connects the living room, dining space, and kitchen. A custom-built focal wall with an electric fireplace adds warmth and character, while the kitchen features a breakfast bar, ample cabinetry, and modern finishes. The first floor also includes a flex room currently used as a home office, ideal for remote work or a quiet retreat. Upstairs, you'll find a spacious master suite with a walk-in closet and ensuite bath with double vanity and tiled shower, a convenient laundry room, and two additional bedrooms with a shared full bath. Above the one-car garage sits a fourth bedroom and additional bathroom in a bonus suite that can be seamlessly integrated into the main home or closed off with a separate entrance, perfect for a private guest suite, mother-in-law quarters, or potential rental income. The fully fenced backyard includes a sprinkler system and offers room to relax or entertain with a raised deck and ambient lighting. Located in a charming neighborhood close to beaches, schools, shopping, and dining, this home combines comfort, function, and flexibility in a highly desirable location.
Source: EMERALDCOAST #982971
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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.