10601 Queens Gate Cir, Pensacola, FL 32506
4 beds · 2 baths · 1,791 sqft
Get a free consultation call with an expert in the mortgage assumption process.
*LOCATION LOCATION~. This home is located in the small and beautiful Queens Gate subdivision. The home is located on the back of the loop on one of the quiet and premier lots that back to no other homes. This brick home has had 1 owner and has been meticulously taken care of. The very popular 4/2 split floor plan has a large entry - foyer that host 2 bedrooms and a guest bathroom on one side, further down the foyer is the laundry room, 3rd bedroom, and garage door. The long foyer hallway will lead you into the very open floor plan of a large kitchen with a walk in panty, large eat up kitchen island, stainless steel appliances, that flow into the dining area, and the large family room with updated lighting. Off to the left of the family room is the Master Suite. A very large master bedroom and bathroom suite that you can only dream of. King size bed, not an issue! Large walk in closet, not an issue! The home is fully fenced, covered back patio, and a security system with cameras. This home is located very close to NASP, Corry, the brand new Publix, VA, Commissary, Exchange, and the military clinic. MOVE IN READY - NOW!
Source: PENSACOLA #658491
Source: PENSACOLA #658491
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.