1302 E Hatton St, Pensacola, FL 32503
4 beds · 2 baths · 2,151 sqft sqft
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!
Source: PENSACOLA #652173
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #652173
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: #652173
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.