12229 Ailanthus Ct, Pensacola, FL 32506
3 beds · 2 baths · 1,676 sqft
Nestled on a tranquil cul-de-sac in the desirable Community Lakes neighborhood, this delightful home offers a serene retreat with no HOA restrictions. As you approach, the manicured front yard welcomes you with a profusion of flowers, and the inviting front porch beckons you to relax and take in the natural beauty. Step inside, and you’ll discover a well-appointed interior. The foyer boasts new luxury vinyl flooring, setting the tone for the rest of the home. The great room features a vaulted ceiling, fresh paint, and brand-new carpet, creating a warm and welcoming atmosphere. Updated Remote-controlled ceiling fans ensure comfort year-round. The split floor plan includes three spacious bedrooms and two bathrooms. The primary bedroom impresses with large his-and-hers closets, complete with custom built shelving. The primary bath offers a garden tub with a shower, along with ample storage space. But what truly sets this property apart is the picturesque creek that meanders behind the home. Imagine sipping your morning coffee on the screened-in Florida Room, listening to the soothing sounds of water and enjoying sunrise. The backyard oasis features Gardenia bushes and fenced area with a fire pit, perfect for gatherings or quiet evenings. The back yard is big enough to fit a pool if one was desired. For the eco-conscious buyer, this home is Green Energy Efficient, equipped with solar panels that will be paid off so the next owner can enjoy little to no electric bill as well as a Water Treatment System so that even during storms you can have clean water! And if you’re a hobbyist or tinkerer, the garage/workshop at the back of the property awaits. The detached garage is being sold as-is and features a single roll-up door, side entry, built-in shelves, counters, water and electricity—all situated on a sturdy concrete slab—it’s a versatile space for your creative pursuits. Don’t miss the chance to own this charming creek-side retreat. Schedule a showing today
Source: PENSACOLA #645432
Source: PENSACOLA #645432
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: #645432
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.