3005 Coral Strip Pkwy, Gulf Breeze, FL 32563
4 beds · 3 baths · 2,968 sqft
Great luxury WATERFRONT LIVING WITH A GREAT ASSUMABLE MORTGAGE. This impressive custom built home features in-ground gunite pool with Spa - screen enclosed saltwater pool. Out door full kitchen to enjoy while sitting at the table to enjoy the evening. 110' feet on a deep canal w/Boat lift new - newer seawall & minutes to Pensacola Bay & Gulf. This meticulous home offers water view from most rooms.This fabulous home offers 11' ceilings, custom draperies, plantation shutters, crown molding, multi-sliding glass doors that expands your living space to the outdoors & formal dining w/built-in cabinets. The flow of this home makes it perfect for entertaining. The family area is so comfortable w/gas fireplace, access to pool. Luxurious master bath w/soaking tub, double vanity, separate shower & extra cabinets. Office/bedroom & bath located in the front of the home along with the Master Bedroom & full bath located on the right side of the home & with this split plan you have two more nice sized bedrooms & bath w/double vanity located on the other side of the home. Enjoy the Florida Lifestyle in the heated gunite pool w/spa & screened lanai, outdoor kitchen & dining/sitting area. Newer composite decking & your boat & water toys will be just steps away. Jump in and go. Other features surround sound, new AC unit 2024, new roof 2024, newer carpet & paint, exterior painted 2018, hot water heater 2015, new boat lift 2022, re-surfaced gunite pool 2018, pool heater and filter 2018, new dish washer 2014 - new dryer 2024 - attic storage w/flooring - oversized side entry garage. This is Florida Living at it's best - large home with plenty of space for entertaining and relaxing.
Source: PENSACOLA #646953
Source: PENSACOLA #646953
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: #646953