1240 TAMARA DR, Pensacola, FL 32504
Discover charm and comfort in this beautiful spacious pool home featuring an updated kitchen and no HOA fees, nestled in a serene, established neighborhood adorned with mature trees and lush foliage. Conveniently situated near the mall, airport, shopping centers, hospitals, and schools, this location offers both tranquility and accessibility. Throughout the home you will find solid surface flooring throughout for easy maintenance. There is a spacious master suite that features two walk-in closets & a large Master bathroom with a large whirlpool tub, separate shower, and private access to the inviting pool area. There are 2 additional bedrooms, a second full bathroom plus an office & large laundry room area leading into the side entry garage. There is also a dedicated dining area, Living room & a family room complete with a fireplace & don't forget about the fully renovated kitchen! Both living areas lead out to your outdoor oasis, complete with meticulously maintained landscaping, a sparkling pool, and a covered patio ideal for relaxation and entertaining. With ample room to personalize and create your own space, this home offers a perfect blend of indoor-outdoor living in an inviting atmosphere. New Water Heater 2024, Roof is 7 years old, HVAC has recently been serviced. Home is also equipped with Storm Panels throughout for piece of mind & savings on your insurance.
You may be able to put down less than the total down payment amount of $209,291 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #648882
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.