1161 Sawgrass Dr, Gulf Breeze, FL 32563
5 beds · 4 baths · 3,614 sqft
ATTENTION! VA assumable loan! Tucked away in the private gated community of Sawgrass within Tiger Point awaits 1161 Sawgrass Drive, a soaring 3 story, custom residence in the coastal town of Gulf Breeze, Florida. Sawgrass features a gunite, in-ground community swimming pool, private dock and is surrounded by golf course #6 hole, the Santa Rosa sound and a sawgrass bayou. This beautiful 5 bedroom, 4 bathroom home boasts an open living area with spectacular views of the bayou and sound, large kitchen with custom cabinetry, granite counter top, wall oven, glass cooktop and island bar seating. There is sturdy tile, carpeting and lvp through the home- a dumb waiter convenient for delivering items from the ground to living level. This home features a mother-in-law suite with kitchenette, laundry, full bath and separate entrance on the ground level. You may find it difficult to leave the views from the spacious master bedroom. Beginning with the creative window views located in the hallway leading to the primary room, step inside to one of the most coveted sights in Santa Rosa County. The large, newly renovated master bath will be another spectacular room to soak in suds while you soak up sunsets or listen to the rain dance on the soaring metal roof. Travel higher up the spiral staircase onto the eagle's nest panoramic views. Other features to note is your private pier access with 2 jet ski floating docks, ready for your crafts to take you in minutes from residential bliss to Pensacola Beach fun, dining or Gulf Islands National Seashore coastal cruising. This corner- lot stucco home is zoned for grade A public schools, world class healthcare, shopping, dining, churches and ball fields, all accessible by car, bike or golf cart legal streets. This home is beautiful, unique and ready for your private tour.
Source: PENSACOLA #644130
Source: PENSACOLA #644130
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #644130