2738 Gemstone Cir, Milton, FL 32571
5 beds · 3 baths · 3,113 sqft
Take a look at this gorgeous 5 bdrm, 3 bath brick home situated on a generous half acre lot in the sought after Ashley Plantation community! Walk through the front door to wood-look, easy-to-maintain luxury vinyl plank flooring extending throughout the main living area. The kitchen is equipped with granite countertops, a versatile island, and breakfast bar perfect for your morning coffee or a quick snack. Stainless steel appliances offer both beauty and efficiency, while the walk in pantry ensures you have plenty of storage. The living room offers a cozy atmosphere with elegance, including a tray ceiling and inviting fireplace. This home boasts a formal dining room with tray ceiling as well as a large office providing the ideal environment for those who work from home or need a quiet place to study. The home also boasts a generous sized laundry room adding convenience and space. The primary suite includes an adjoined bathroom with tub, tile shower, granite countertops, double vanity and a spacious walk-in closet to simplify your morning routine. Step outside and you'll find a screened in patio and the large privately fenced back yard - perfect for outdoor entertaining, as well as a generous sized storage building. Lease purchase option available!
Source: PENSACOLA #637203
Source: PENSACOLA #637203
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: #637203