1240 Tamara Dr, Pensacola, FL 32504
3 beds · 2 baths · 2,283 sqft sqft
POOL HOME in North Pensacola! 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.
Source: PENSACOLA #648882
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #648882
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: #648882
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.