1302 E HATTON ST, Pensacola, FL 32503
This spacious home is located in the heart of East Hill. Here are some key points: all in 2022 New roof , New impact glass windows, new interior paint, New fence, New HVAC, new plumbing fixtures, new back patio and Gazebo, Generator electrical connection, tankless water heater. In 2023 New appliances, new exterior paint, updated master bath. This wonderful home has a lot of character and charm and is turn-key for the next owners. From the street, you will appreciate the nicely manicured lawn with flower beds and magnolia trees. On the main level, the family room features a fireplace with brick surround, original hardwood floors, and a formal dining area with glass French doors providing beautiful outdoor views. The kitchen features ceramic tiles and painted cabinets, with an adjacent laundry room that also has an entrance from the garage. On the first level, you will find a bonus/media room with tiled floors, large windows, and a lighted ceiling fan. The adjacent master bedroom suite offers a private entrance to the backyard, a walk-in closet, and a newly updated tiled shower. On the second level, there are three additional bedrooms perfectly situated next to each other, featuring spacious floor plans, lighted fans, and lots of closet space. They share a full bath located in the hallway, which can also be accessed from one of the bedrooms. The fenced backyard features lots of space for a pool. The deck and patio, located right off the dining room is the perfect place to enjoy your morning coffee, afternoon cookouts and just relaxing. You will love the mature trees for shade, and some fruit trees as well. The fairly new roof was installed in 2022. The home is located only minutes from Bay View Park, excellent restaurants, Pensacola State College, downtown Pensacola, Sacred Heart Hospital, Cordova Mall, and less than 30 minutes to NAS, Navy Federal Beulah campus, and 15 minutes to beautiful white sand beaches. Call today for your private showing!
You may be able to put down less than the total down payment amount of $186,093 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: #652173