2140 Trevor Cir, Milton, FL 32583
3 beds · 3 baths · 2,083 sqft sqft
This beautiful home offers an Assumable VA mortgage with an AMAZING rate for another VA buyer. Welcome to this lovely 2019 home that features a spacious open floorplan perfect for modern living and is move in ready. The 3-bedroom, 2.5-bathroom home includes an office/bonus room, a dining room, and a host of desirable upgrades, including tray ceilings and stunning hardwood-looking tile floors throughout the living areas. The heart of the home is the kitchen, which boasts stainless steel appliances and a large island with ample storage space on both sides. It overlooks the expansive living room, creating a seamless flow for everyday living and entertaining. The living room features tray ceilings with recessed lights and an amazing pocket sliding glass door that leads out to a screened-in porch, ideal for enjoying the outdoors year-round. The master bedroom offers a private retreat with a luxurious en-suite bathroom, while two additional bedrooms share a full bathroom. Outdoors, a fenced yard with a pool and screened-in porch offer plenty of space for relaxation and entertainment. The current owners left a lush tree line in the backyard that adds an extra layer of privacy and serenity. Additional highlights include a 2-car garage and a large front porch, perfect for enjoying the neighborhood. Conveniently located near I-10 in Milton, this home is just minutes from Pensacola, Gulf Breeze, and Pace.
Source: PENSACOLA #649201
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #649201
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: #649201
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.