1204 Panferio Dr, Gulf Breeze, FL 32561
5 beds · 4 baths · 3,264 sqft sqft
This is Pensacola Beach life at its finest. This newly renovated home on the sound-side offers water views, with easy access to both sound and gulf beaches. This 3264 sqft family home, or investment property, comes fully furnished with brand new LVP flooring on first floor. The well-appointed chef’s kitchen has quartz countertops, large island with cooktop, stainless steel appliances, large pantry, and soft close cabinets/drawers that make entertaining a breeze. The open floor plan connects the kitchen to the spacious family room where the whole family and guests can gather. There are 2 full size bedrooms that share a hall bath on the first floor and a 3rd bedroom with a private ensuite walk-in shower. Upstairs you will find 2 large bedrooms. First, the expansive Master suite has 2 master walk-in closets, duel vanity and a oversized shower. It also boasts a sitting area with French door access to the second story balcony overlooking the Sound. A second bedroom upstairs is large enough for 2 sets of bunk beds, and a queen, with its own ensuite with shower. The outdoor living space is sure to please. The beautiful pool area features a covered tiki sitting area perfect for relaxing and recharging. Upgrades include newer roof, insulation, water heater, HVAC, pool liner, solar & RV parking/power. Currently used as STR generating 123k for 2024 so far. No HOA! Enjoy world-class white sand beaches, restaurants, and shopping. Schedule your showing today!
Source: PENSACOLA #650672
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #650672
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: #650672
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.