2405 Ursula Ln, Pensacola, FL 32526
4 beds · 3 baths · 2,295 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Spacious 4 bedroom and 3 bathroom home with all the features! This home offers open living spaces, vaulted ceilings, and upgrades. Making your way inside, you are greeted with tile flooring throughout. The foyers offers tons of natural light with a formal dining room to the right of the entry way and a formal den/living space to the left. A bedroom has been adjoined to the den to add additional living or entertaining space or could be converted back to a bedroom! The large main living room offers a fireplace, updated ceiling fan and vaulted ceilings. The split floorplan offers three bedrooms on one side of the home along with two guest baths. Each bedroom is appointed with tile flooring and spacious closets. The kitchen offers tile flooring as well as recently painted cabinets, tile backsplash, upgraded stainless steel appliances, pantry, and provides a dining area and breakfast bar. The large master suite offers entry to the fully covered patio and the master bath offers a garden tub, separate shower, private water closet, and walk-in closet. Out back, you will enjoy a fully covered patio that overlooks the in-ground pool, plenty of yard space with an area to park a boat or pair of jet skis, large workshop, and mature landscaping. Additional features include a side-entry two car garage, recently updated roof, and so much more!
Source: PENSACOLA #660940
Source: PENSACOLA #660940
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.