1015 ADRIAN WAY, Milton, FL 32583
This home comes with a locked in REDUCED RATE as low as 5.00% through List & Lock™. This is a seller-paid rate buy down that reduces the buyer's interest rate and monthly payment. Terms apply, see disclosures for more information. Welcome to this beautiful 3 bedroom, 2 bathroom home located in the serene Adrian Woods neighborhood minutes from Garcon Point Bridge! As you walk in, you'll notice a large breakfast bar stretching between an open living room with an electric fireplace and a kitchen with quartz countertops and a big single basin kitchen sink. The openness of this space makes it perfect for hosting gatherings or spending family time. Tile flooring throughout the entire home makes for easy cleaning and durability. New interior wall, trim, door, and cabinet paint throughout adds a modern touch. The master suite features a huge master bedroom with private entry to the screened/covered back porch as well as a master bathroom that includes a separate tub and shower and a double vanity. The guest bathroom includes a new, beautifully done, tiled shower. The roof was replaced in 2021, the HVAC was replaced in 2019, and the home comes with solar panels which will be paid off at closing! While the home itself has plenty to offer, the location is what really takes it to the next level. Just short drive to I-10 corridor, boat launches, Pensacola Beach, and of course - the breathtaking views of Garcon Point and Escambia Bay, this is such an amazing place to call home!
You may be able to put down less than the total down payment amount of $143,483 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #651109
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.