473 Earl Godwin Rd Freeport, FL 32439
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About this home
Located in the sought-after Hammock Bay Community with its first-class amenities, as shown below.This beautifully maintained property offers the ideal balance of privacy and accessibility--just minutes from the beaches of South Walton, local shops, and top-rated schools.Step inside to find an inviting open floor plan. The modern kitchen, featuring a stainless steel fridge and stove, a large island and pantry, and ample cabinetry (freshly painted in a coastal blue color with new hardware), flows into a spacious living area perfect for family gatherings or entertaining guests. New LVP flooring except for the Master Bathroom.The primary suite provides a peaceful retreat with a walk-in closet and a private en-suite shower with freshly painted cabinets, new mirrors and light fixtures Additional bedrooms offer comfort and flexibility for guests, children, or a home office. Enjoy Florida living at its finest. Relax on the covered porch, host BBQs, or simply enjoy the quiet setting of mature trees in your own backyard. The Lake Club at Hammock Bay offers a 25-meter lap pool and a resort-style pool, basketball courts, pickleball courts, putting green, playground, meeting/functions facility, caterer's kitchen, and a 6000 sq. ft. clubhouse with movie theater. Plus, you will have access to all amenities at Steamboat Landing and Hammock Bay South. Additional highlights include a two-car garage with an included workbench. and proximity to Highway 20 and 331, providing quick access to Destin, Niceville, and the surrounding Gulf. Whether you're looking for your forever home or a peaceful getaway, 473 Earl Godwin Rd offers everything you need to live, work, and play in comfort.
Source: EMERALDCOAST #987455
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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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