3316 Indian Hills Dr, Milton, FL 32571
4 beds · 2 baths · 2,031 sqft
Desirable Indian Hills Pace family home priced to sell! This Exceptional 4 bedroom, 2 bath home, located in Pace school district is just a quick jaunt to Pensacola. This quiet neighborhood is kid friendly with nice sized lots. From the curb, the brick exterior is welcoming, and the extra gravel drive is convenient for guests or a trailer and a new roof with solar panels will keep your heating and cooling bills low! As you enter, you will find new wood look flooring that leads you into the nice sized family room with step ceiling from 9' to 11' and a corner gas fireplace. French doors with internal blinds lead to the covered back porch. The kitchen has custom built maple cabinets stainless steel appliances and light Corian solid surface counters. There is tons of extra storage space in the deep pantry, and new modern flooring makes this space welcoming. A custom-built island with granite counters adds tons of counter space for cooking. The split layout is perfect for added privacy. In the oversized master you will find a step ceiling, and plenty of room and view of the back. The enormous master bathroom has recently been updated with new tile tub surround and stunning flooring. It also features a double vanity with cultured marble tops, whirlpool garden tub and separate shower and 2 nice sized master closets. On the other side of the home, you will find 3 extra-large bedrooms. The back yard has plenty of room for kids or pets to play. This is the perfect home to raise your family, at an exceptional price with great schools and convenient to everything. Call to schedule your showing today- it won't last at this great price.
Source: PENSACOLA #653835
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: PENSACOLA #653835
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.
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