364 Pine Ridge Ln, Pensacola, FL 32514
3 beds · 2 baths · 1,214 sqft
Welcome to the future! This charming Pensacola gem is perfect for first-time homebuyers seeking comfort, space, and style. Nestled in a peaceful, desirable neighborhood, this spacious property invites you in with its beautifully maintained exterior and a welcoming interior flooded with natural light. Located close to schools, shopping centers and interstate and main hub for easy access making traveling a breeze. Step inside and discover a bright, floor plan that effortlessly blends the living, dining, and kitchen areas—ideal for entertaining or cozy nights in. The master suite is your private retreat, featuring an ensuite bathroom, while the additional bedrooms offer plenty of space for family, guests, or a home office. A converted garage provides a versatile bonus room, ready to meet your unique needs. The backyard is the perfect spot for hosting gatherings or enjoying quiet evenings outdoors. Situated in a prime Pensacola location, you'll have quick access to local shopping, dining, and top-rated schools, along with nearby parks for weekend adventures. This home offers the perfect mix of suburban tranquility and urban convenience. Don't miss the opportunity—schedule a showing today and see why this could be the one you've been waiting for! Affordably priced to sell and move in ready.
Source: PENSACOLA #652058
Source: PENSACOLA #652058
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: #652058
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.