1526 Sabal Palm Dr, Gulf Breeze, FL 32563
4 beds · 2 baths · 2,204 sqft
**$15,000 SELLER CONCESSION TO BUYER WITH ACCEPTABLE OFFER**ASSUMABLE LOAN @ 3.25%** Amazing rate and concession to make this home super affordable compared to current interest rates! Welcome to this beautiful 4-bedroom, 2-bath home nestled in a vibrant neighborhood just moments from the Santa Rosa Sound! Designed for both comfort and style, this home features an inviting open floor plan that seamlessly blends the living, dining, and kitchen areas—perfect for entertaining or everyday living. Enjoy the spacious bedrooms, including a serene primary suite, and modern bathrooms with stylish finishes. Large windows fill the home with natural light, while the outdoor space offers a relaxing retreat for enjoying coastal breezes. An oversized laundry room and mudroom are thoughtfully placed coming in from the garage so you can drop all your worries at the door. The huge backyard allows for plenty of room to build your dream pool. Conveniently located near local shops, dining, and recreational activities, this home is a rare find in an unbeatable location. Don’t miss the chance to make this stunning home yours—schedule a showing today!
Source: PENSACOLA #658195
Financials
Source: PENSACOLA #658195
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.