1792 Galvez Dr, Gulf Breeze, FL 32563
3 beds · 2 baths · 1,544 sqft
NOW WITH INTERIOR PHOTOS! Wonderful opportunity to own an energy efficient brick home built in 2017 in Gulf Breeze for less than $400,000. This 3 bedroom 2 bath brick home sits nicely on a .278 acre lot in a quiet neighborhood with water access just a few blocks away. The hipped and gabled roof lines, covered front porch and Craftsman style front door/column/window grills/shutters offer attractive curb appeal. Entering the home one feels the open, light bright and airy kitchen/dining/living area layout. Natural light from the double window in the front of the house and a sliding glass door to the back yard brings outdoor living in. Nicely sized kitchen with ample peninsula that easily accommodates seating for four. White cabinetry, granite counters, stainless steel appliances, pendant lights and tile back splash finish the look of this newer home. Light wood grain look porcelain plank tile runs throughout the wet areas. Paint colors are a light warm neutral tan. Trey ceilings in the living room and primary bedroom add to the feeling of space. Split floorplan with large primary bedroom on the back of the house. Walk in closet. Double sinks with white cabinetry, granite counters and tub/shower in the primary bath. The other side of the house off of the living room is a hallway to two more bedrooms and a shared bath with tub. The fenced yard is a blank canvas. Privacy fenced yard. The side yard has a double gate where a camper, RV or boat could be stored. The other side has a single gate for easy access. Energy efficient - low E windows, hybrid water heater and LED lights. The two car garage offers attic access. There is a community access to the bay within walking distance. There you will find picnic tables and a sandy beach area for swimming, fishing or just taking in the beauty of the natural surroundings. Close to the Eatery food trucks, Pensacola State College, the GB Zoo and Woodlawn Beach boat ramp. Water access is where Keystone Dr. and Point Shores Ln. meet.
Source: PENSACOLA #657490
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: PENSACOLA #657490
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.