Top 5 Reasons to Consider Homes with Assumable VA Loans in Crestview FL

Finding the right home during a Permanent Change of Station (PCS) move can be stressful, especially when balancing finances and family needs. For military families relocating to Crestview, Florida, homes with assumable VA loans offer a unique opportunity to ease that transition. These loans can fit comfortably within the Eglin Air Force Base Basic Allowance for Housing (BAH), making homeownership more affordable and accessible. This post explores five key reasons why choosing a home with an assumable VA loan in Crestview can simplify your move and save you money.

A charming Crestview home with a green lawn and clear blue sky

1. Save Money with Existing Low Interest Rates

One of the biggest advantages of assumable VA loans is the ability to take over the seller’s existing mortgage, including their interest rate. Many VA loans were originated when rates were lower than today’s market averages. By assuming the loan, you avoid the higher rates that come with new mortgages.

For example, if the current market interest rate is 6% but the seller’s VA loan has a 3.5% rate, your monthly payments will be significantly lower. This can translate to hundreds of dollars saved each month, which adds up over the life of the loan. Lower monthly payments mean you can stay within or below your Eglin BAH, reducing financial strain during your PCS.

2. No Down Payment Required

VA loans are known for their no down payment feature, and assumable VA loans maintain this benefit. Unlike conventional loans that often require 5% to 20% down, you can purchase a home in Crestview without a large upfront cash requirement.

This is especially helpful for military families who may have limited savings after moving expenses. Keeping your cash reserves intact allows you to cover other relocation costs, such as moving services, new furniture, or emergency funds. It also means you can act quickly when you find the right home without waiting to save for a down payment.

3. Simplified Loan Approval Process

Assuming a VA loan can streamline the mortgage approval process. Since the loan already exists, the lender focuses mainly on your creditworthiness and ability to pay rather than underwriting a new loan from scratch. This can speed up closing times, which is crucial when coordinating a PCS move with tight timelines.

Additionally, the VA loan assumption process often has fewer hurdles than conventional loans. This means less paperwork and fewer delays, helping you settle into your Crestview home faster.

4. Crestview’s Location Supports Military Families

Crestview is an ideal place for military families because of its proximity to Eglin Air Force Base. The commute is short, allowing more time with family and less time on the road. The community offers good schools, parks, and family-friendly amenities, making it a comfortable place to live and raise children.

Housing prices in Crestview tend to be more affordable than nearby Destin or Fort Walton Beach, which helps your BAH stretch further. This affordability combined with assumable VA loans means you can find a quality home without exceeding your housing allowance.

5. Protect Against Rising Housing Costs

Housing markets fluctuate, and prices in Florida have seen steady increases in recent years. By assuming a VA loan with a fixed interest rate, you lock in your housing costs at today’s prices and rates. This protects you from rising mortgage rates and home prices in the future.

For example, if you assume a loan with a 3.5% fixed rate, your payments remain stable even if market rates climb to 5% or higher. This stability helps with long-term budgeting and financial planning, giving you peace of mind during your PCS and beyond.

Homes with assumable VA loans in Crestview offer military families a practical way to reduce costs, simplify financing, and enjoy a supportive community near Eglin Air Force Base. By taking advantage of existing low interest rates, no down payment, and a faster approval process, you can make your PCS move smoother and more affordable.

If you’re relocating to Crestview, Florida on military orders, understanding why assumable VA loans matter is only part of the equation. The next step is knowing which homes currently offer this powerful financing advantage — and how to act quickly before they’re gone.

Below are five standout homes in Crestview, FL with assumable VA loans, each offering below-market interest rates that can significantly reduce your monthly payment and help keep your housing costs aligned with Eglin Air Force Base BAH. These opportunities are rare, and working with a local military relocation specialist can make all the difference in securing one.

1. 662 Teal Street, Crestview, FL 32539

Assumable VA Loan at 2.25% Interest Rate

Located in the desirable Redstone Commons community in South Crestview, this Craftsman-style home offers one of the lowest assumable VA interest rates currently available. Built in 2017, the home features a split floor plan, a spacious kitchen with a large island and pantry, and a fully fenced backyard with a covered patio.

• 3 Bedrooms | 2 Bathrooms

• 1,716 Sq Ft

• Approx. Monthly Payment (PITI): $1,303

• Community Pool, Playground & Dog Park

• Excellent option for buyers wanting maximum savings with minimal cash out of pocket

  
  

This home is a prime example of how assumable VA loans can dramatically outperform today’s market rates Top 5 assumable

2. 412 Scarborough Street, Crestview, FL 32539

Assumable VA Loan at 3.0% Interest Rate

This like-new 2021 home in Shoal River Landing is perfect for families needing more space without sacrificing affordability. With upgraded finishes, plantation shutters, and a thoughtfully designed primary suite, this home blends comfort with financial strategy.

• 4 Bedrooms | 2 Bathrooms

• 1,830 Sq Ft

• Model-home quality with mature landscaping

• Community pool and amenities

• Ideal for buyers seeking move-in ready + low-rate financing

3. 329 Skyline Circle, Crestview, FL 32539

Assumable VA Loan at 2.5% Interest Rate

If charm, space, and character are high on your list, this Southern-style home in Timberline Estates stands out. Featuring vaulted ceilings, a wraparound porch, and flexible living areas, this property offers exceptional value for buyers needing room to grow.

• 3 Bedrooms | 2.5 Bathrooms

• 2,575 Sq Ft

• Large lot with multiple living spaces

• Perfect for families wanting long-term stability with a low fixed rate

4. 822 Wild Egret Lane, Crestview, FL 32536

Assumable VA Loan at 2.5% Interest Rate

Located in the sought-after Fox Valley neighborhood, this spacious ranch-style home includes an office that can easily function as a fourth bedroom. The backyard backs up to a private preserve, offering rare privacy within a subdivision.

• 3 Bedrooms + Office | 2 Bathrooms

• 2,325 Sq Ft

• Quiet setting with playground access

• Excellent balance of space, location, and affordability

5. 641 Red Fern Road, Crestview, FL 32536

Assumable VA Loan at 3.125% Interest Rate

Also situated in Fox Valley, this open-concept home is ideal for entertaining and everyday living. Cathedral ceilings, granite countertops, and a split floor plan make this property especially appealing to growing families.

• 3 Bedrooms | 2 Bathrooms

• 1,860 Sq Ft

• Fully fenced yard

• Strong option for buyers wanting modern layout + VA loan savings

Why Working with a Local PCS & VA Loan Expert Matters

Assumable VA loans are not automatic, and many buyers miss out simply because the process wasn’t explained correctly. From verifying loan eligibility to coordinating lender approval and negotiating seller terms, experience matters.

As a PCS relocation specialist and Crestview real estate expert, Tanya Rivera Realtor® with The Property Group 850, LLC helps military families:

• Identify assumable VA loan opportunities early

• Structure competitive offers that protect VA entitlement

• Navigate tight PCS timelines with confidence

• Secure homes that truly fit within Eglin AFB BAH guidelines

Thinking About an Assumable VA Loan in Crestview?

These homes don’t stay available long. If you’re preparing for a PCS move to Crestview, FL and want access to the best assumable VA loan homes before they hit the broader market, connect with Tanya Rivera Realtor® | The Property Group 850, LLC today.

Your PCS move deserves a strategy — not just a showing.