7113 Shimano Way Panama City, FL 32404
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About this home
CUL-DE-SAC LIVING WITH SPACE TO GROW, FENCED BACKYARD, AND EASY HWY-231 ACCESS. Step inside to an airy, open-concept layout where daily life stays connected. The kitchen is the natural gathering spot--an island for quick breakfasts, a breakfast bar for homework chats, a pantry to keep essentials organized, and plenty of room for a big dining table. The great room flows for movie nights and game days, while a separate front flex room answers the need for a quiet office, playroom, or cozy media space. Upstairs, all four bedrooms are together just the way many buyers prefer. The private primary retreat features a double vanity, soaking tub, separate shower, and a walk-in closet; the additional bedrooms provide comfortable space for guests, hobbies, or working from home. Out back, a privacy-fenced yard is ready for pets, swing sets, and weekend grilling on the patio, with a handy storage shed to keep tools and beach gear tucked away. A smart thermostat, ceiling fans, and central HVAC help maintain comfort and efficiency year-round, and the two-car garage offers the storage and convenience you've been looking for. What makes this address stand out is how close it keeps you to everyday needs and weekend fun. In minutes you can be on Hwy 231 for an easy commute or quick errands; head into town for shopping and dining; explore nearby Bayou George and Deer Point Lake for boating, fishing, and paddling; or plan simple beach days on the Gulf. Parks, boat ramps, and local favorites are an easy drive, so plans come together fast. If you've been searching for a four-bedroom home with an open kitchen, true flex space, a fenced backyard, and a quiet cul-de-sac setting near Panama City conveniences, this one checks the boxes.
Source: EMERALDCOAST #988205
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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.