1602 Ponderosa Dr, Gulf Breeze, FL 32563
3 beds · 4 baths · 2,315 sqft
Step into this like-new brick home that combines elegance and thoughtful design! Less than half a mile from the Boat Ramp. NO HOA. From high trey ceilings and open floor plan to the upgraded lighting and refined baseboards, every detail is elevated. The main areas feature luxurious vinyl plank flooring, while the gourmet kitchen impresses with soft-close cabinets, stainless steel appliances, a large island, and granite countertops. The master suite offers a tiled bath with a double vanity, soaking tub, and two walk-in closets. Outside, enjoy a newly added pool with custom pavers, a covered patio with ceiling fans, and a sprinkler system with a well pump. Additional features include a privacy fence, garage door opener, and recirculation pump for the water heater. Schedule a showing today! Step into this stunning, like-new all-brick home that combines modern elegance with thoughtful design! This beautifully landscaped property boasts exquisite upgrades that set it apart from standard new construction. From the moment you walk through the large foyer, you'll be greeted by high trey ceilings and a spacious, open floor plan. Every detail is elevated, from the upgraded lighting and plumbing fixtures to the refined baseboards and casings throughout. The main living spaces, including the foyer, living room, kitchen, dining area, and utility room, feature luxurious vinyl plank flooring, while the bedrooms offer plush, upgraded carpeting and generous closet space. The gourmet kitchen is a chef's dream, with high-quality cabinets equipped with soft-close doors and drawers, stainless steel appliances, an oversized island with additional storage, a large pantry, and gorgeous granite countertops. Functionality meets style in the utility room, complete with convenient cabinetry and granite surfaces. The master suite serves as a private retreat, featuring a tiled en-suite bath with a double vanity, a spacious tiled shower, a soaking tub, and two walk-in closets. Two additional b
Source: PENSACOLA #655250
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #655250
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: #655250
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.