1652 Ponderosa Dr, Gulf Breeze, FL 32563
3 beds · 4 baths · 2,315 sqft sqft
Welcome to 1652 Ponderosa Drive, a beautiful brick and Hardi sided home nestled in the heart of Gulf Breeze. This delightful residence features an open floor plan, perfect for entertaining and family gatherings. Tray ceilings, 8' doors, upgraded lighting and plumbing fixtures add to the elegance of your next home. The spacious living area is bathed in natural light, highlighting the modern finishes and warm, inviting ambiance with a powder room adjacent for added convenience. The kitchen boasts stainless steel appliances, ample cabinetry with soft close hinges and slides, and granite countertops, making it a chef's dream. Adjacent to the kitchen, the dining area offers a picturesque view of the lush backyard, creating a serene dining experience. Retreat to the generously sized primary suite, complete with an en-suite bathroom and walk-in closet. Two additional bedrooms provide flexibility for guests or a home office, and a jack and jill style full bathroom serving these spaces well. Step outside to discover your own private, fenced oasis. The expansive backyard is perfect for outdoor entertaining, gardening, or simply relaxing under the Florida sun. Landscaping sprinklers are on a separate well pump. The property is conveniently located near top-rated schools, parks, and the stunning beaches of the Gulf Coast. Additionally there is room to park your boat next to your home and enjoy a short trip down the street to a public boat ramp and dock for all your water loving needs. Don't miss the chance to call this charming Gulf Breeze home yours! Aerial photography available upon request.
Source: PENSACOLA #653650
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #653650
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: #653650
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.