Financial Terms Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

adjustable-rate mortgage (ARM)
A mortgage whose interest rate changes periodically based on the changes in a specified index.

adjustment date
The date on which the interest rate changes for an adjustable-rate mortgage (ARM).

adjustment period
The period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM).

amortization
The repayment of a mortgage loan by installments with regular payments to cover the principal and interest.

amortization term
The amount of time required to amortize the mortgage loan. The amortization term is expressed as a number of months. For example, for a 30-year fixed-rate mortgage, the amortization term is 360 months.

annual percentage rate (APR)
The cost of a mortgage stated as a yearly rate; includes such items as interest, mortgage insurance, and loan origination fee (points).

appreciation
An increase in the value of a property due to changes in market conditions or other causes. The opposite of depreciation.

asset
Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others (including bank accounts, stocks, mutual funds, and so on).

assignment
The transfer of a mortgage from one person to another.

assumable mortgage
A mortgage that can be taken over ("assumed") by the buyer when a home is sold.

assumption
The transfer of the seller's existing mortgage to the buyer.

assumption clause
A provision in an assumable mortgage that allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon sale or transfer of the property.

assumption fee
The fee paid to a lender (usually by the purchaser of real property) resulting from the assumption of an existing mortgage.


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balance sheet
A financial statement that shows assets, liabilities, and net worth as of a specific date.

balloon mortgage
A mortgage that has level monthly payments that will amortize it over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.

balloon payment
The final lump sum payment that is made at the maturity date of a balloon mortgage.

basis point
A basis point is 1/100th of a percentage point. For example, a fee calculated as 50 basis points of a loan amount of $100,000 would be 0.50% or $500.

binder
A preliminary agreement, secured by the payment of an earnest money deposit, under which a buyer offers to purchase real estate.

biweekly payment mortgage
A mortgage that requires payments to reduce the debt every two weeks (instead of the standard monthly payment schedule). The 26 (or possibly 27) biweekly payments are each equal to one-half of the monthly payment that would be required if the loan were a standard 30-year fixed-rate mortgage, and they are usually drafted from the borrower's bank account. The result for the borrower is a substantial savings in interest.

blanket mortgage
The mortgage that is secured by a cooperative project, as opposed to the share loans on individual units within the project.

breach
A violation of any legal obligation.

bridge loan
A form of second trust that is collateralized by the borrower's present home (which is usually for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as "swing loan."

broker
A person who, for a commission or a fee, brings parties together and assists in negotiating contracts between them.

buydown mortgage
A temporary buydown is a mortgage on which an initial lump sum payment is made by any party to reduce a borrower's monthly payments during the first few years of a mortgage. A permanent buydown reduces the interest rate over the entire life of a mortgage.


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call option
A provision in the mortgage that gives the mortgagee the right to call the mortgage due and payable at the end of a specified period for whatever reason.

cap
A provision of an adjustable-rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease.

capital improvement
Any structure or component erected as a permanent improvement to real property that adds to its value and useful life.

cash-out refinance
A refinance transaction in which the amount of money received from the new loan exceeds the total of the money needed to repay the existing first mortgage, closing costs, points, and the amount required to satisfy any outstanding subordinate mortgage liens. In other words, a refinance transaction in which the borrower receives additional cash that can be used for any purpose.

certificate of deposit
Commonly known as a "CD," certificates of deposit bear a maturity date and a specified rate of interest. Penalties may apply for early withdrawal.

certificate of eligibility
A document issued by the federal government certifying a veteran's eligibility for a Department of Veterans Affairs (VA) mortgage.

certificate of reasonable value (CRV)
A document issued by the Department of Veterans Affairs (VA) that establishes the maximum value and loan amount for a VA mortgage.

certificate of title
A statement provided by an abstract company, title company, or attorney stating that the title to real estate is legally held by the current owner.

chain of title
The history of all of the documents that transfer title to a parcel of real property, starting with the earliest existing document and ending with the most recent.

change frequency
The frequency (in months) of payment and/or interest rate changes in an adjustable-rate mortgage (ARM).

clear title
A title that is free of liens or legal questions as to ownership of the property.

closing
A meeting at which a sale of a property is finalized by the buyer signing the mortgage documents and paying closing costs. Also called "settlement."

closing cost item
A fee or amount that a home buyer must pay at closing for a single service, tax, or product. Closing costs are made up of individual closing cost items such as origination fees and attorney's fees. Many closing cost items are included as numbered items on the HUD-1 statement.  Expenses (over and above the price of the property) incurred by buyers and sellers in transferring ownership of a property. Closing costs normally include an origination fee, an attorney's fee, taxes, an amount placed in escrow, and charges for obtaining title insurance and a survey. Closing costs percentage will vary according to the area of the country.

closing statement
Also referred to as the HUD-1. The final statement of costs incurred to close on a loan or to purchase a home.

cloud on title
Any conditions revealed by a title search that adversely affect the title to real estate. Usually clouds on title cannot be removed except by a quitclaim deed, release, or court action.

collateral
An asset (such as a car or a home) that guarantees the repayment of a loan. The borrower risks losing the asset if the loan is not repaid according to the terms of the loan contract.

collection
The efforts used to bring a delinquent mortgage current and to file the necessary notices to proceed with foreclosure when necessary.

combination loan
With this type of loan, you receive a first mortgage for 80 percent of the loan amount, and a second mortgage at the same time for the remainder of the balance. If avoiding PMI (mortgage insurance) is important to you, consider combination loans--known as 80/10/10 loans or 80/20's.

combined loan-to-value (CLTV)
The unpaid principal balances of all the mortgages on a property (first and second usually) divided by the property's appraised value.

co-maker
A person who signs a promissory note along with the borrower. A co-maker's signature guarantees that the loan will be repaid, because the borrower and the co-maker are equally responsible for the repayment. See endorser.

commission
The fee charged by a broker or agent for negotiating a real estate or loan transaction. A commission is generally a percentage of the price of the property or loan.

commitment letter
A formal offer by a lender stating the terms under which it agrees to lend money to a home buyer. Also known as a "loan commitment."

common areas
Those portions of a building, land, and amenities owned (or managed) by a planned unit development (PUD) or condominium project's homeowners' association (or a cooperative project's cooperative corporation) that are used by all of the unit owners, who share in the common expenses of their operation and maintenance. Common areas include swimming pools, tennis courts, and other recreational facilities, as well as common corridors of buildings, parking areas, means of ingress and egress, etc.

Community Home Improvement Mortgage Loan
An alternative financing option that allows low- and moderate-income home buyers to obtain 95 percent financing for the purchase and improvement of a home in need of modest repairs. The repair work can account for as much as 30 percent of the appraised value.

community property
In some western and southwestern states, a form of ownership under which property acquired during a marriage is presumed to be owned jointly unless acquired as separate property of either spouse.

comparables
An abbreviation for "comparable properties"; used for comparative purposes in the appraisal process. Comparables are properties like the property under consideration; they have reasonably the same size, location, and amenities and have recently been sold. Comparables help the appraiser determine the approximate fair market value of the subject property.

compound interest
E-LOAN CDs and Savings accounts compound interest daily. This refers to any interest earned on an account holder's principal balance, as well as any prior interest.

condominium conversion
Changing the ownership of an existing building (usually a rental project) to the condominium form of ownership.

conforming loan
The current conforming loan limit is $417,000 and below. Conforming loan limits change annually.

construction loan
A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses.

consumer reporting agency (or bureau)
An organization that prepares reports that are used by lenders to determine a potential borrower's credit history. The agency obtains data for these reports from a credit repository as well as from other sources.

contingency
A condition that must be met before a contract is legally binding. For example, home purchasers often include a contingency that specifies that the contract is not binding until the purchaser obtains a satisfactory home inspection report from a qualified home inspector.

conventional mortgage
A mortgage that is not insured or guaranteed by the federal government.

convertibility clause
A provision in some adjustable-rate mortgages (ARMs) that allows the borrower to change the ARM to a fixed-rate mortgage at specified timeframes after loan origination.

convertible ARM
An adjustable-rate mortgage (ARM) that can be converted to a fixed-rate mortgage under specified conditions.

cooperative (co-op)
A type of multiple ownership in which the residents of a multiunit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.

corporate relocation
Arrangements under which an employer moves an employee to another area as part of the employer's normal course of business or under which it transfers a substantial part or all of its operations and employees to another area because it is relocating its headquarters or expanding its office capacity.

cost of funds index (COFI)
An index that is used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans. It represents the weighted-average cost of savings, borrowings, and advances of the 11th District members of the Federal Home Loan Bank of San Francisco.

covenant
A clause in a mortgage that obligates or restricts the borrower and that, if violated, can result in foreclosure.

credit repository
An organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.


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deed
The legal document conveying title to a property.

deed in lieu
A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure.

deed of trust
The document used in some states instead of a mortgage; title is conveyed to a trustee.

default
Failure to make mortgage payments on a timely basis or to comply with other requirements of a mortgage.

delinquency
Failure to make mortgage payments when mortgage payments are due.

depreciation
A decline in the value of property; the opposite of appreciation.

due-on-sale provision
A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.


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earnest money deposit
A deposit made by the potential home buyer to show that he or she is serious about buying the house.

easement
A right of way giving persons other than the owner access to or over a property.

effective age
An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.

effective gross income
Normal annual income including overtime that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source, but other income may qualify if it is significant and stable.

electronic funds transfer (EFT)
EFT allows account holders to transfer funds from an account electronically. This method of transfer is not only highly secure, but also extremely efficient and easy to transact.

encumbrance
Anything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.

endorser
A person who signs ownership interest over to another party. Contrast with co-maker.

Equal Credit Opportunity Act (ECOA)
A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.

equity
A homeowner's financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on its mortgage.

escrow
An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the deposit by a borrower with the lender of funds to pay taxes and insurance premiums when they become due, or the deposit of funds or documents with an attorney or escrow agent to be disbursed upon the closing of a sale of real estate.

escrow account
The account in which a mortgage servicer holds the borrower's escrow payments prior to paying property expenses.

escrow analysis
The periodic examination of escrow accounts to determine if current monthly deposits will provide sufficient funds to pay taxes, insurance, and other bills when due.

escrow collections
Funds collected by the servicer and set aside in an escrow account to pay the borrower's property taxes, mortgage insurance, and hazard insurance.

escrow disbursements
The use of escrow funds to pay real estate taxes, hazard insurance, mortgage insurance, and other property expenses as they become due.

escrow payment
The portion of a mortgagor's monthly payment that is held by the servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Known as "impounds" or "reserves" in some states.

estate
The ownership interest of an individual in real property. The sum total of all the real property and personal property owned by an individual at time of death.

eviction
The lawful expulsion of an occupant from real property.

examination of title
The report on the title of a property from the public records or an abstract of the title.


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Fair Credit Reporting Act
A consumer protection law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies and establishes procedures for correcting mistakes on one's credit record.

fair market value
The highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller, willing but not compelled to sell, would accept.

Fannie Mae
A congressionally chartered, shareholder-owned company that is the nation's largest supplier of home mortgage funds.

Fannie Mae's Community Home Buyer's Program
An income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home. Borrowers who participate in this model are required to attend pre-purchase home-buyer education sessions.

fee simple
The greatest possible interest a person can have in real estate.

Federal Housing Administration (FHA)
An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or construct housing.

FHA mortgage
A mortgage that is insured by the Federal Housing Administration (FHA). Also known as a government mortgage.

finder's fee
A fee or commission paid to a mortgage broker for finding a mortgage loan for a prospective borrower.

first adjustment
When you can expect the first rate adjustment in your ARM loan.

first mortgage
A mortgage that is the primary lien against a property.

float down option
An option to choose a lower rate within 30 days before the closing of your loan and "float down" to a lower rate than the previously locked-in rate. This allows you to pick the best rate within that time period.

fixed-rate mortgage (FRM)
A mortgage in which the interest rate does not change during the entire term of the loan.

fixed second mortgage
See home equity loan.

flood insurance
Insurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated flood areas.

foreclosure
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.

fully amortized ARM
An adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to amortize the remaining balance, at the interest accrual rate, over the amortization term.


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good faith estimate
An estimate of charges which a borrower is likely to incur in connection with a settlement.


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hazard insurance
Insurance protecting against loss to real estate caused by fire, some natural causes, vandalism, etc., depending upon the terms of the policy.

home equity line of credit
a credit line that is secured by a second deed of trust on a house. Equity lines of credit are revolving accounts that work like a credit card, which can be paid down or charged up for the term of the loan. The minimum payment due each month is interest only.

home equity loan
a loan secured by a second deed of trust on a house, typically used as a home improvement loan.

housing ratio
The ratio of the monthly housing payment in total (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio.

HUD
The U.S. Department of Housing and Urban Development.


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index
A published interest rate to which the interest rate on an Adjustable Rate Mortgage (ARM) is tied. Some commonly used indices include the 1 Year Treasury Bill, 6 Month LIBOR, and the 11th District Cost of Funds (COFI).

impound account
An impound account is an account established by the lender to pay a borrower's tax and insurance costs. The borrower's monthly mortgage payment is then increased to cover these costs, with the additional amount being held in the impound account and disbursed by the lender when the payments are due. Lenders typically prefer this arrangement because it reduces the possibility of a lapse in tax or insurance payments that could diminish the value of the lender's investment (your house). Therefore, while it is often possible to opt out of an impound account it will result in additional charges.

interest-only loan option
Loan payments have two components, principal and interest. An interest-only loan has no principal component for a specified period of time. These special loans minimize your monthly payments by eliminating the need to pay down your balance during the interest-only period, giving you greater cash flow control and/or increased purchasing power.

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jumbo mortgage
The current loan limit for a conforming loan is $417,000. Loan amounts of $359,651 and above are considered non-conforming or jumbo mortgages and are usually subject to higher pricing.


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lien
An encumbrance against property for money due, either voluntary or involuntary.

lender
The bank, mortgage company, or mortgage broker offering the loan.

LIBOR
LIBOR stands for London Inter-Bank Offered Rate. This is a favorable interest rate offered for U.S. dollar deposits between a group of London banks. There are several different LIBOR rates, defined by the maturity of their deposit. The LIBOR is an international index that follows world economic conditions. LIBOR-indexed ARMs offer borrowers aggressive initial rates and have proven to be competitive with popular ARM indexes like the Treasury bill.

lifetime cap
A provision of an ARM that limits the highest rate that can occur over the life of the loan.

loan to value ratio (LTV)
The unpaid principal balance of the mortgage on a property divided by the property's appraised value. The LTV will affect programs available to the borrower and generally, the lower the LTV the more favorable the terms of the programs offered by lenders.

lock period
The amount of time that a lender will guarantee a loan's interest rate. Once you've locked in the interest rate on a loan, the lender will guarantee that rate for a certain period of time, usually for 30, 45 or 60 days.

lock-in
A written agreement guaranteeing the home buyer a specified interest rate provided the loan is closed within a set period of time. The lock-in also usually specifies the number of points to be paid at closing.


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margin
The number of percentage points a lender adds to the index value to calculate the ARM interest rate at each adjustment period.

maturity date
A pre-set date informing account owners when they can withdraw principal funds without incurring a penalty. (Please note that you may withdraw any generated interest before reaching an account's maturity date at E-LOAN.)

mortgage
A legal document that pledges a property to the lender as security for payment of a debt

mortgage disability insurance
A disability insurance policy which will pay the monthly mortgage payment in the event of a covered disability of an insured borrower for a specified period of time.

mortgage insurance (MI)
Insurance written by an independent mortgage insurance company protecting the mortgage lender against loss incurred by a mortgage default. Usually required for loans with an LTV of 80.01% or higher.

mortgagee
The person or company who receives the mortgage as a pledge for repayment of the loan. The mortgage lender.

mortgagor
The mortgage borrower who gives the mortgage as a pledge to repay.


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negative amortization
Negative Amortization, or "deferred interest," occurs when the mortgage payment is less than a loan's accruing interest. This causes a loan's balance to grow instead of reduce or "amortize."

non-conforming loan
Also called a jumbo loan. Conventional home mortgages not eligible for sale and delivery to either Fannie Mae (FNMA) or Freddie Mac (FHLMC) because of various reasons, including loan amount, loan characteristics or underwriting guidelines. Non-conforming loans usually incur a rate and origination fee premium. The current non-conforming loan limit is $333,701 and above.


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origination fee
A fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan. Usually a percentage of the amount loaned, such as one percent.

owner financing
A property purchase transaction in which the property seller provides all or part of the financing.


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periodic cap
The maximum rate increase for a specific period for a specific loan (ARM) only.

PITI
Principal, interest, taxes and insurance--the components of a monthly mortgage payment.

planned unit developments (PUD)
A subdivision of five or more individually owned lots with one or more other parcels owned in common or with reciprocal rights in one or more other parcels.

points
Charges levied by the mortgage lender and usually payable at closing. One point represents 1% of the face value of the mortgage loan.

prepaids
Those expenses of property which are paid in advance of their due date and will usually be prorated upon sale, such as taxes, insurance, rent, etc.

prepayment penalty
A charge imposed by a mortgage lender on a borrower who wants to pay off part or all of a mortgage loan in advance of schedule.

principal
This term refers to the total amount of money originally deposited into a Savings or CD account. When taking out a loan however, it refers to the amount of debt, not including interest.

private mortgage insurance (PMI)
Insurance provided by nongovernment insurers that protects lenders against loss if a borrower defaults. Fannie Mae generally requires private mortgage insurance for loans with loan-to-value (LTV) percentages greater than 80%.


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qualifying ratios
The ratio of your fixed monthly expenses to your gross monthly income, used to determine how much you can afford to borrow. The fixed monthly expenses would include PITI along with other obligations such as student loans, car loans, or credit card payments.


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rate
The annual rate of interest on a loan, expressed as a percentage of 100.

rate cap
A limit on how much the interest rate can change, either at each adjustment period or over the life of the loan.

rate lock-in
A written agreement in which the lender guarantees the borrower a specified interest rate, provided the loan closes within a set period of time.

rebate
Compensation received from a wholesale lender which can be used to cover closing costs or as a refund to the borrower. Loans with rebates often carry higher interest rates than loans with "points" (see above).

refinancing
The process of paying off one loan with the proceeds from a new loan using the same property as security.

residential mortgage credit report (RMCR)
A report requested by your lender that utilizes information from at least two of the three national credit bureaus and information provided on your loan application.


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seller carry back
An agreement in which the owner of a property provides financing, often in combination with an assumed mortgage.

simple interest
An amount earned on an account holder's principal, according to a specified rate. This does not include any compounding interest.

stated/documented income
Some loan products require only that applicants "state" the source of their income without providing supporting documentation such as tax returns.

subordination
If you are refinancing your first mortgage and have an existing second or home equity line, one option is to "subordinate" the second mortgage: request that your second mortgage holder go back into the second lien position when you replace your existing first mortgage with the new refinance loan.

survey
A print showing the measurements of the boundaries of a parcel of land, together with the location of all improvements on the land and sometimes its area and topography.


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tenants in common
An undivided interest in property taken by two or more persons. The interest need not be equal. Upon death of one or more persons, there is no right of survivorship.

title insurance
Insurance against loss resulting from defects of title to a specifically described parcel of real property.

title search
An investigation into the history of ownership of a property to check for liens, unpaid claims, restrictions or problems, to prove that the seller can transfer free and clear ownership.

total debt ratio
Monthly debt and housing payments divided by gross monthly income. Also known as Obligations-to-Income Ratio or Back-End Ratio.


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variable rate
An interest rate that may change once an account opens.

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1267 Properties
Page 1 of 36
Open 1/28
5022 Hagin Dr Panama City,  FL 32404
$350,000
Neighborhood: Callaway Heights
4
Beds
2
Baths
1,835
Sq.Ft.
2023
Year Built
1
Day on Site
736847
MLS
Welcome to the Azalea**Proudly brought to you by Coastal Classic Homes where you are given a modern, beautifully built custom home. This New Construction home offers an open floor plan with plenty of...
$355,900
Neighborhood: Whisper Dunes
3
Beds
2F11/2
Baths
1,496
Sq.Ft.
2017
Year Built
1
Day on Site
736848
MLS
Great opportunity to own a nice townhome about a mile away from the white sandy beaches & 5 minutes to Pier Park. You'll love the spacious floor plan & the amenities of the community. Downstairs...
Open 1/28
1869 Pointe Dr Panama City Beach,  FL 32407
$335,000
Neighborhood: Hathaway Townhomes
3
Beds
2F11/2
Baths
1,542
Sq.Ft.
2019
Year Built
1
Day on Site
736841
MLS
Welcome to Hathaway Townhomes! This is an incredible opportunity to own a townhome in Panama City Beach. When you enter you'll find gorgeous luxury vinyl plank flooring, granite countertops in...
$475,000
Neighborhood: No Named Subdivision
5
Beds
2F11/2
Baths
2,627
Sq.Ft.
2023
Year Built
1
Day on Site
736852
MLS
This Home is built by one of Bay Counties most sought after builders, Brick home with spacious floor plan, custom solid wood cabinets, Quartz counter tops, Upgraded light fixtures, doors, Insulation,...
$325,000
Neighborhood: Edgewater Golf Villas 3A
2
Beds
2
Baths
1,137
Sq.Ft.
1985
Year Built
1
Day on Site
736857
MLS
Ground floor unit with beautiful views of the 7th fairway. This spacious condo offers two bedrooms with two full baths and has been partially updated. The master bedroom has sliding glass doors that...
$369,500
Neighborhood: Magnolia Bay Club
3
Beds
3
Baths
1,485
Sq.Ft.
2008
Year Built
1
Day on Site
736858
MLS
Waterfront 3bed/3bath condo in gated community of Magnolia Bay club. Has beautiful views of St. Andrews Bay from the master bedroom, the living room, the kitchen ,and the large balcony. Only a short...
$199,900
Neighborhood: Fontainebleau Terrace
1
Baths
330
Sq.Ft.
1965
Year Built
1
Day on Site
736861
MLS
Enjoy Panama City Beach at the Fontainebleau Terrace! This is a great vacation rental, or personal use family getaway. Rental income yields around $30k, depending on your personal use. On site...
$349,000
Neighborhood: Carillon Beach Inn
1
Beds
1
Baths
530
Sq.Ft.
2007
Year Built
1
Day on Site
736865
MLS
UPDATED and BEAUTIFULLY FINISHED! Must see, 3rd floor with great views overlooking Lake Carillon. Beach access and pools available in Carillon. Shops and restaurants within easy distance. Panama...
$199,900
Neighborhood: Fontainebleau Terrace
1
Baths
330
Sq.Ft.
1965
Year Built
1
Day on Site
736869
MLS
Enjoy Panama City Beach at the Fontainebleau Terrace! This is a great vacation rental, or personal use family getaway. Rental income yields around $30k, depending on your personal use. On site...
$599,000
Neighborhood: Pinnacle Port
2
Beds
2F11/2
Baths
983
Sq.Ft.
1970
Year Built
1
Day on Site
736871
MLS
This recently renovated 2 bedroom 2.5 bath condo is perfectly located in the private, gated community of Carillon Beach. This unit has incredible views of the gulf and Lake Powell. You can see the...
Open 1/28
125 Tierra Verde Way #Lot 12 Panama City Beach,  FL 32407
5
Beds
3
Baths
3,113
Sq.Ft.
2023
Year Built
1
Day on Site
736873
MLS
Price reduced for a limited time. The McKenzie plan is an exquisite 5 bed, 3 bath home located in the TierraVerde III community! Conveniently located to nearby schools, restaurants, 5 minutes to the...
$435,000
Neighborhood: Tidewater Beach Phase II
1
Beds
1
Baths
787
Sq.Ft.
2007
Year Built
1
Day on Site
736875
MLS
Tidewater Beach Resort is in the heart of the vacation rental tourism district. The resort is within walking distance of Russell-Fields Pier, the shopping, dining & entertainment amenities of Pier...
$280,000
Neighborhood: [No Recorded Subdiv]
3
Beds
2
Baths
1,416
Sq.Ft.
1991
Year Built
1
Day on Site
736876
MLS
This home could be the perfect place for you! Location Location Location, centrally located in desirable community of Lynn Haven. Conveniently located near stores, restaurants, schools, and a quick...
$559,000
Neighborhood: Sunnyside
2
Beds
1
Baths
624
Sq.Ft.
1952
Year Built
1
Day on Site
736879
MLS
THE INTERIOR OF THE HOME HAS BEEN GUTTED.
$395,000
Neighborhood: Gulf Highlands
3
Beds
2
Baths
1,296
Sq.Ft.
1994
Year Built
1
Day on Site
736881
MLS
Come experience the best of coastal living with this conveniently located 3 bedroom, 2 bathroom home! With premier attractions like Pier Park, Frank Brown Park, and multiple public beach accesses,...
Open 1/28
1220 New York Ave Lynn Haven,  FL 32444
$245,000
Neighborhood: Lynn Haven
3
Beds
2
Baths
1,440
Sq.Ft.
1945
Year Built
2
Days on Site
736541
MLS
New to the Market! Nestled on a large corner lot in the heart of Lynn Haven this 3 Bed 2 Bath home is perfect for anyone looking to live in Bay County! This home is centrally located in Lynn Haven...
Open 1/28
292 Hugh Thomas Dr Panama City,  FL 32404
$315,000
Neighborhood: Grimes Callaway Bayou Est U-1
3
Beds
2
Baths
1,540
Sq.Ft.
2020
Year Built
2
Days on Site
736798
MLS
This adorable home is situated in a wonderful neighborhood on a large lot in an X flood zone. Sit on your front porch and watch the mullet jump in Callaway Bayou. The home's open floor plan features...
$250,000
Neighborhood: Grand Lagoon Cove Condominium
2
Beds
2F11/2
Baths
1,080
Sq.Ft.
1979
Year Built
2
Days on Site
736801
MLS
***UPDATED PHOTOS Jan. 19th***Beautiful 2 bed 2 1/2 bath unit at Grand Lagoon Cove. Unit is directly across from the tennis courts and next to the community pool. All new vinyl plank flooring,...
$449,000
Neighborhood: College Station Phase 3
5
Beds
2F11/2
Baths
2,627
Sq.Ft.
2023
Year Built
2
Days on Site
736802
MLS
Bay Counties newest community has come to life, These homes are built by one of Bay Counties most sought after builders, Brick homes with spacious floor plans, custom solid wood cabinets, Quartz...
$465,000
Neighborhood: Gulf Highlands Beach Resort
2
Beds
2F11/2
Baths
1,512
Sq.Ft.
1996
Year Built
2
Days on Site
736806
MLS
Wonderful opportunity to own this Extra-Large, Fully Furnished, Fully Updated, Rental Ready End Unit on the Canal. This beautiful townhome is located on the island, only a 3 min short walk to the...
$290,000
Neighborhood: Mill Point
3
Beds
2
Baths
1,319
Sq.Ft.
2022
Year Built
2
Days on Site
736808
MLS
Zillow is Wrong. address is 3508 Mill Point Cove, panama city Fl 32404...Bay Counties newest community has come to life, These homes are built by one of Bay Counties most sought after builders, Brick...
$750,000
Neighborhood: Sweetbay
5
Beds
3F11/2
Baths
3,368
Sq.Ft.
2019
Year Built
2
Days on Site
736809
MLS
Rare opportunity to purchase the largest floor plan in waterfront SweetBay! This home was originally built by Samuel Taylor Homes and features 5 bedrooms plus bonus room. A front bedroom can also...
$259,900
Neighborhood: St And Bay Dev Co
3
Beds
2
Baths
1,375
Sq.Ft.
2023
Year Built
2
Days on Site
736816
MLS
2023 NEW CONSTRUCTION NEAR TYNDALL AFB - This brand-new affordable home will feature 3 bedrooms, 2 baths, an open floor plan (great for entertaining), an interior laundry room, and luxury vinyl plank...
$189,900
Neighborhood: Pine Forest Est Ph 1
3
Beds
2
Baths
1,352
Sq.Ft.
1979
Year Built
2
Days on Site
736826
MLS
Great price on nice 3 bedroom home in Lynn Haven. Home features large lot, detached storage and carport, fireplace, quartz counter tops. Home needs flooring and some minor repairs and cosmetic...
3
Beds
2F11/2
Baths
1,750
Sq.Ft.
2019
Year Built
2
Days on Site
736827
MLS
New Short-term approved listing on Panama City Beach. This 3-bedroom, 2.5-bathroom home is located just a few blocks from the beach! Walking into the home, you will notice the large open concept...
$539,400
Neighborhood: Palmetto Trace Phase III
4
Beds
2
Baths
2,361
Sq.Ft.
2005
Year Built
2
Days on Site
736829
MLS
Welcome to 208 Bainbridge St, well-maintained, 4Bed / 2 Bath, Palmetto Trace beauty! Neighborhood amenities include 2 pools, sidewalks, street lamps, golf cart friendly, walk to Pier Park, Frank...
$367,000
Neighborhood: Point Royal Homes Unit 2
4
Beds
2
Baths
2,229
Sq.Ft.
1976
Year Built
2
Days on Site
736831
MLS
Fantastic location for your busy family! This one owner home with large living spaces both indoor and out give many options for enjoyment. The quiet street is minutes away from the beach,...
$239,000
Neighborhood: Fontainebleau Terrace
1
Baths
330
Sq.Ft.
1965
Year Built
2
Days on Site
736832
MLS
Fontainebleau Terrace, iconic landmark in Panama City Beach, located on the Gulf of Mexico, enormous pool, sun deck, private beach and just a few steps before your toes are in the sugar white sand...
$340,000
Neighborhood: Lakeside By The Gulf
4
Beds
3
Baths
2,194
Sq.Ft.
1968
Year Built
2
Days on Site
736833
MLS
Take advantage of this extremely rare opportunity to own a property nestled in one of the most unique locations on Panama City Beach. Just a short walk or golf cart ride to shopping at Pier Park, or...
$319,000
Neighborhood: Nowell Court
3
Beds
2
Baths
1,290
Sq.Ft.
2005
Year Built
2
Days on Site
736834
MLS
Beautiful updated pool home with all the modern touches. You will love walking through the front door into this totally renovated contemporary home. Fresh paint gives that new home feel. The kitchen...
$625,000
Neighborhood: Seaclusion Beach
2
Beds
2
Baths
1,898
Sq.Ft.
1990
Year Built
2
Days on Site
736835
MLS
WELCOME TO PANAMA CITY BEACH LIVING!! This fully furnished home sits in the Seclusion Beach Subdivision and has a private gated deeded beach access. You are just a short distance to the Gulf of...
Open 1/28
6505 Minneola St Callaway,  FL 32404
$274,500
Neighborhood: C A Taylor's 2nd Addition Calaway
4
Beds
2
Baths
1,566
Sq.Ft.
1976
Year Built
2
Days on Site
736838
MLS
OPEN HOUSE 28 JAN FROM 11:00AM TO 5:00PM. ENTIRELY RENOVATED 4/2 BRICK HOME WITHIN 5 MILES OF TYNDALL AFB. TILE FLOOR THROUGHOUT, BRAND NEW STOVE AND ALL OTHER APPLIANCES 3 YEARS OLD. HVAC SYSTEM...
Open 1/28
1128 Hickory Ave Panama City,  FL 32401
$449,000
Neighborhood: No Named Subdivision
3
Beds
2F11/2
Baths
2,176
Sq.Ft.
2007
Year Built
2
Days on Site
736843
MLS
Don't miss out on this one of a kind find in the heart of the Charming Historic St Andrews.This incredible home has 3br/2.5ba, an office that could easily be used as a 4th bedroom, and a bonus room...
$249,000
Neighborhood: Southport
3
Beds
2
Baths
1,236
Sq.Ft.
1962
Year Built
3
Days on Site
736380
MLS
Newly updated home located on just over half an acre corner lot and new pole barn, so lots of space to add outdoor living and entertainment or whatever you may need, or divide the back portion to...
$199,000
Neighborhood: Fontainebleau Terrace
1
Baths
330
Sq.Ft.
1965
Year Built
3
Days on Site
736763
MLS
Top Floor at Fontainebleau Terrace overlooking the protected pristine Bee-da-wee beach. From your room enjoy the fabulous emerald coast white sandy beach. This unit is perfect for a second home or...
Open 1/28
7516 Chipewa St Panama City,  FL 32404
$429,000
Neighborhood: Baxter Subdivision
3
Beds
2
Baths
2,099
Sq.Ft.
1984
Year Built
3
Days on Site
736765
MLS
Waterfront home with Gulf access! Sitting on a large lot with 104ft of waterfront. This home is a must see. Completely remodeled. Items include energy efficient A/C unit, Water heater, Garage doors,...

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Phone(850) 814-6999

Email[email protected]

Address Virga Realty, Inc.
2524 Pelican Bay Ct
Panama City Beach, FL 32408

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