606 Timbers Xing Lynn Haven, FL 32444
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About this home
***VA ASSUMABLE LOAN OPPORTUNITY! Lock in a 4.125% Rate! Welcome to 606 Timbers Crossing, perfectly situated just minutes from everything Lynn Haven has to offer! This beautifully updated 3-bedroom, 2-bathroom pool home combines modern upgrades with a functional, open layout designed for both comfort and entertaining.Upon entry, a flexible dining area, which is currently used as an office, opens into a spacious kitchen with a second dining space that flows seamlessly into the living room. The kitchen features a convenient breakfast bar, abundant cabinet storage, stainless steel appliances, and ample countertop space for meal prep. Inside, you will also find wood-look durable tile flooring, an electric fireplace in the living room, updated interior paint, and two beautifully updated bathrooms. The primary suite is spacious and offers a private retreat with a double vanity, walk-in closet, and a custom tile shower/tub combo. Step outside to your personal oasis! Enjoy the new pool, covered back porch, and privacy-fenced backyard, perfect for relaxation or entertaining. Not interested in the pool? No problem! With an acceptable offer, the Seller is willing to have the pool professionally removed. This flexibility allows you to reimagine the outdoor space to fit your needs. Additional updates include a whole-house water softener/filtration system, plus an extra filter at the kitchen sink. Additional highlights include a transferable home warranty, recently updated HVAC and water heater (just 3 years old), and the peace of mind of a termite bond. Nestled in the quiet Timbers community, this home provides a peaceful setting while keeping you close to parks, shopping, and dining. Nearby are A.L. Kinsaul Park, Rails to Trails walking path, Sharon J. Sheffield Park, and Cain Griffin Park. Best of all, the property is located in Flood Zone X, meaning no flood insurance is required and there's no HOA! Scheule your private showing today.
Source: EMERALDCOAST #985527
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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.