10568 WILDERNESS LN, Pensacola, FL 32534
Welcome to 10568 Wilderness Ln, a charming single-family home nestled in the North Pensacola, FL. Built in 2005, this property offers a delightful combination of style and comfort, spread across 1,346 square feet of living space. The home boasts three bedrooms, including a Owners suite with a double vanity, soaking tub, and walk-in closet, providing a private retreat for relaxation. The heart of the home is the updated kitchen, complete with new stainless steel appliances installed in 2019, a kitchen island, and a pantry. This opens to a living/dining combo area, making it perfect for family gatherings and entertainment. The home is floored with a mix of vinyl and carpet, featuring double pane windows that ensure energy efficiency. Externally, the property features a well-maintained shingle roof and sits on a 0.09-acre lot with an interior lot layout, providing ample outdoor space for children to play and adults to relax. No association fees add to the affordability of this residence, making it an excellent choice for first-time homebuyers or those looking to invest in a thriving community. Located conveniently near schools such as L. D. McArthur Elementary, Ransom Middle School, and J. M. Tate Senior High School, the property also offers easy access to local amenities, ensuring a balanced lifestyle of convenience and quiet suburban living. 10568 Wilderness Ln is a fantastic opportunity to own a piece of Pensacola paradise, blending modern amenities with a welcoming community atmosphere.
You may be able to put down less than the total down payment amount of $113,515 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: #649521