2269 Somerville Ct, Pensacola, FL 32506
4 beds · 2 baths · 1,661 sqft
*Assumable low interest VA Loan* Welcome to the charming Autumn Meadows Subdivision, where elegance meets comfort in this meticulously crafted home. As you step inside, the home boasts custom 6" crown molding throughout, enhancing the refined ambiance, while recessed lighting and ceiling fans highlight key areas, creating a warm and inviting atmosphere. The kitchen is a chef’s paradise, expertly designed to serve both everyday meals and lively gatherings. Beautiful granite countertops pair seamlessly with the 14” tile flooring, while custom dark hardwood cabinets with crown molding provide both beauty and storage. A convenient breakfast bar invites casual meals or relaxed gatherings, while the adjacent dining area is bathed in natural light and offers stunning views of the private backyard. The spacious great room is an entertainer's dream, offering ample room for both cozy nights and lively social events. The vaulted ceiling provides visual interest and the perfect setting for gatherings. The primary suite is a true retreat, featuring a soaring 13' ceiling with a custom-boxed design that adds a touch of elegance. The generous size of the suite creates the perfect escape, offering a calm, peaceful atmosphere. The primary bathroom is a serene sanctuary featuring granite countertops, a luxurious garden tub, a double vanity, a separate shower, a private water closet, and a large walk-in closet that offers ample storage. Additional highlights of the home include a two-car garage and a beautifully landscaped exterior. Step outside to the covered porch and enjoy the privacy and tranquility of the fenced-in backyard, meticulously maintained to enhance the home’s curb appeal. Whether you’re hosting friends or simply enjoying quiet moments, this space provides the perfect backdrop for both relaxation and entertainment. Located in an ideal area with easy access to military bases, shopping, and dining, this home offers both convenience and luxury.
Source: PENSACOLA #659664
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: PENSACOLA #659664
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.