2872 Avenida De Soto, Navarre, FL 32566
3 beds · 2 baths · 1,456 sqft sqft
*OPEN HOUSE SAT Nov 16th noon-4pm* Cute as a Button! This affordable 3-bedroom, 2-bath home, located across the street from Tom King Bayou, is ready for new owners! With its open, split-floor plan and modern layout, it’s perfect for entertaining and family gatherings. The family room features a cozy wood-burning fireplace with a tiled surround, ideal for those cooler nights. You’ll find plenty of dining space with both a formal dining area and a breakfast nook. The modern kitchen boasts stainless steel appliances, a custom-tiled backsplash, and a convenient pass-through window. Adjacent to the kitchen is a versatile nook, perfect for a coffee station with extra storage and counter space. Natural light fills the home through numerous windows, offering beautiful views of the spacious front and back yards. The primary suite includes tray ceilings, a double vanity, a garden tub, a separate shower, and a walk-in closet. On the opposite side of the home, two guest bedrooms share a full bath. Out back, an open deck provides the perfect spot for grilling and dining under the shade of gorgeous live oaks. The privacy-fenced backyard offers plenty of room for children and pets, along with a shed for yard tools and a sprinkler system with its own well. A two-car garage and large driveway provide ample parking, and with no HOA restrictions, you’re free to park your boat. Situated on a quiet, waterfront cul-de-sac with no through traffic, this home’s location has so much to love! New roof coming NOV 2024.
Source: PENSACOLA #654081
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #654081
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: #654081
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.