3610 N 12th Ave, Pensacola, FL 32503
3 beds · 2 baths · 1,700 sqft sqft
**Seller to offer credit for roof if needed for insurance with acceptable offer**Assumable VA Loan Possibility** This beautiful home, just a stone's throw from the picturesque 12th Avenue Tree Tunnel is ready for you! Come see this gorgeous mid-century ranch home with 3 bedrooms/2 baths (~1700 sqft) and great curb appeal! This home has been thoughtfully and beautifully updated throughout and offers a functional floor plan - something you don't always see in older homes that have been renovated. The original hardwood floors have been refinished and offer a beautiful contrast to the updated open concept kitchen with large island, quartz countertops, ample cabinetry, tile backsplash, and stainless steel appliances. Large windows compliment the living/dining/kitchen spaces. From the main living area, the bedrooms are all located in their own wing. One bedroom is currently being used as an office with another used as a guest room. The hall bath offers tile flooring, custom tile surround, and classic finishes with the fixtures. The primary en-suite has been updated with custom storage features in the closet, a beautiful bathroom with dual vanity, and custom walk in shower with frame-less glass enclosure. The inside laundry room has space for storage, and there is an entry/mudroom off the carport that allows for flexible use as well. Enjoy the beautiful backyard from your raised deck, as it is perfect for all of your best outdoor ideas, from relaxing to entertaining. Brand new privacy fence, as well as a large storage shed for your outdoor items/tools/etc. For more information and to schedule your private tour, reach out today!
Source: PENSACOLA #650499
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #650499
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: #650499
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.