50 Mobile St Miramar Beach, FL 32550
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About this home
**Escape to Upscale Living in the Prestigious Gated Villas of Frangista**Welcome to your slice of paradise within the exclusive gated Villas of Frangista, where cobblestone streets create European elegance that defines sophisticated coastal living. This stunning four-bedroom, five-bathroom beach house offers the perfect sanctuary whether you're seeking your dream primary residence, an enchanting secondary retreat, or a property with exceptional income potential.The thoughtfully designed open living concept flows seamlessly throughout, creating a spacious atmosphere perfect for family gatherings or accommodating vacation guests. The gorgeous, oversized kitchen serves as the heart of the home with chef-quality stainless-steel appliances, granite countertops, custom backsplash, and spacious island - ideal for memorable meals and generating strong rental returns. Each generous bedroom includes its own ensuite bathroom, ensuring privacy and convenience. One guest suite occupies the main level for accessibility, while the upstairs primary bedroom suite features private balcony access - amenities that justify premium pricing for discerning guests. Your private oasis showcases a covered porch and expansive brick paver patio, providing entertainment space that vacation guests highly value for creating memorable experiences. These outdoor spaces contribute to both personal satisfaction and strong rental performance. The crown jewel is private, deeded beach access putting the world's most beautiful beaches at your fingertips - eliminating crowded public beach experiences while providing the walkable lifestyle that defines sophisticated coastal living. The community pool offers resort-style atmosphere steps from your door. The gated community provides security, privacy, and exclusivity with controlled access and beautifully maintained grounds that command premium value and attract quality tenants. This versatile property excels whether for full-time living or as a secondary home that generates revenue during unused periods. Convenient location offers easy access to local restaurants serving fresh Gulf seafood, Silver Sands Factory Stores, and Whole Foods Market. Qualified buyer financing requiring as little as ten percent down makes this sophisticated opportunity more attainable than expected. Don't let this rare opportunity slip away - properties in this exclusive gated community with private beach access are highly coveted and move quickly. Schedule your private tour today and discover why the Villas of Frangista represents the pinnacle of coastal living and investment potential. Your dream beach lifestyle awaits!
Source: EMERALDCOAST #988569
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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.