5260 Moore Loop Crestview, FL 32536
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About this home
Welcome to your dream home in the Lee Farm subdivision! This spacious 5-bedroom, 3-bath all-brick home offers 2,820 square feet of beautifully designed living space and sits on one of the largest lots in the neighborhood--a flat, level 1/2 acre, fully enclosed with a privacy fence. Step inside to find exotic tigerwood engineered hardwood floors flowing throughout the foyer, living room, dining room, and breakfast area. All wet areas are upgraded with durable porcelain tile. The home boasts 9-foot ceilings, with crown molding enhancing the living, dining, kitchen, and breakfast spaces for an open, elegant feel. The kitchen is a chef's delight with 42'' raised panel cabinetry, granite countertops, matching granite backsplashes, and ample prep and storage space. Retreat to the spacious primary suite, complete with a private sitting area and a generously sized walk-in closet. The luxurious en-suite bath features a granite walk-in shower, separate soaking tub, and double vanities topped with granite counters. On the opposite side of the home, you'll find three additional bedrooms, plus a private guest suite with its own dedicated full bathroomperfect for in-laws or visitors. Upstairs, enjoy a large bonus room ideal for a media room, home office, playroom, or personal retreat. Additional Features: All-brick exterior for low maintenance Spacious layout ideal for families or entertaining Community playground in the neighborhood Conveniently located near schools, shopping, and dining Don't miss this rare opportunity to own a beautiful home on one of the largest lots in Lee Farm. Schedule your showing today!
Source: EMERALDCOAST #988026
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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.