1165 Longwood Dr, Gulf Breeze, FL 32563
3 beds · 2 baths · 1,894 sqft
Welcome to your ideal patio home, perfectly situated in a charming subdivision designed for easy living. This low-maintenance gem features a cozy backyard, giving you just enough space to enjoy outdoor moments without the hassle of major upkeep—because who needs to mow in the summer heat? The kitchen is equipped with modern stainless steel appliances, ensuring both style and functionality for all your culinary adventures. The guest bathroom boasts a luxurious deep tub with a sleek tile surround, while the primary suite offers a serene retreat with its separate soaker tub. Each bedroom is spacious enough to accommodate your furniture and lifestyle needs comfortably. The home features a whole-house water filtration system, ensuring clean and fresh water throughout. Say goodbye to carpet maintenance—this home is entirely tiled, making it pet- and beach-day-friendly. Key updates include a new roof (2023), a brand-new cooktop (2024), and a microwave (2023). The HVAC system, installed in 2015, is in excellent condition to keep you cool year-round. This move-in-ready home is perfect for those seeking a balance of comfort, style, and convenience. Come see it for yourself and make it yours today!
Source: PENSACOLA #644526
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #644526
Source: Public records
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: #644526
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.