1896 Bay Pine Cir, Gulf Breeze, FL 32563
4 beds · 2 baths · 2,152 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Buyer's financing fell through. Property is BACK ON THE MARKET. NEW ROOF! This property is sold WITH the vacant lot behind it that doubles the size of the original lot. Beautiful brick home with numerous upgrades in Gulf Breeze in Bay Pines Subdivision (Midway area). VA ASSUMABLE LOAN 2.75%. The home has 4 bedrooms and 2 baths. Hardwood flooring with tile flooring with mosaic inlays in all wet areas including master bath, full bath and laundry room. The front door is leaded glass. The living area is open with a vaulted ceiling. There is a formal dining room and formal living room off the large foyer. The great room is large and open, also with vaulted ceiling and a glass door that leads to the covered lanai. The kitchen is open to the large breakfast nook. The kitchen is welcoming with lots of wood cabinets, a breakfast bar, stainless steel appliances and a pantry. The bedrooms are split with the master on one end and the other 3 bedrooms and full bath on the other end. The Master bedroom is large with master bath, a trey ceiling, ceiling fan and glass French doors onto the covered lanai. 60 amp service with a Gen 3 Tesla wall charger in garage. AC/Heating replaced in 2023. Hurricane shutters. Updated lighting in the kitchen and living room. Updated master bathroom with new shower and wall cabinet for storage. All appliances, washer/dryer and playset in fenced play yard (subset of vacant lot) all convey. Large fenced back yard (WAS A SEPARATE LOT, BUT PURCHASED IN 2022 TO BECOME PART OF THE PROPERTY.) DOUBLED THE SIZE OF THE LOT. There is a picture of the home and vacant lot under the Documents section of the listing.
Source: PENSACOLA #658284
Source: PENSACOLA #658284
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.
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.
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.
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.
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 and Equal Opportunity Act.