1902 E Strong St, Pensacola, FL 32501
3 beds · 4 baths · 3,100 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Don’t miss your chance to own this exceptional home in one of East Hill’s most coveted locations! Tucked away on a quiet cul-de-sac just steps from the serene waters of Bayou Texar, this beautifully updated residence offers the perfect blend of historic charm, modern comfort, and coastal lifestyle. From nearby parks to paddleboarding and sunsets on the bayou, you’ll have it all right at your fingertips. Step inside and you’ll immediately notice the character and craftsmanship that set this home apart. Much of the first floor features stunning brick flooring, reclaimed from Pensacola Bay and reportedly dates to the Civil War era,adding a rich sense of history and warmth throughout the space. The light-filled living room is framed by oversized windows that bathe the space in natural light, creating an inviting atmosphere. The custom gourmet kitchen is a chef’s dream, complete with stainless steel appliances, including a gas range and double oven,dolomite countertops, a tile backsplash, and a cozy bay window breakfast nook. Just off the kitchen, the airy Florida room offers peaceful views of the mature oak trees and Bayou Texar, perfect for morning coffee or quiet afternoons. Upstairs, you’ll find two spacious guest suites, each with private baths featuring dolomite countertops and modern updates. A dedicated laundry room, office nook, and ample hidden storage complete the upper level, along with views that will take your breath away. The home has seen extensive upgrades in recent years, including a brand-new heated gunite saltwater pool with fire bowls—your private backyard retreat awaits. Additional updates include three new HVAC units with transferable warranties, a new tankless water heater, and the entire home has been freshly painted inside and out. The exterior also features a 2019 roof, custom wood composite shutters, and brand new zoysia sod with irrigation system. This is more than a home—it’s a lifestyle. Schedule your private tour today!
Source: PENSACOLA #663281
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: PENSACOLA #663281
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.
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.
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 of Equal Opportunity Act.