3936 Flour Mill Cir, Milton, FL 32571
4 beds · 2 baths · 2,095 sqft
OPEN HOUSE SUNDAY SEPT. 29: 1-4 P.M. Welcome to this charming craftsman-style home! Situated on a spacious .35 acre lot. This 4-Bed, 2-Bath Home with Office and Formal Dining offers a delightful blend of classic features and modern upgrades. Begin your mornings on the expansive front porch, savoring the peaceful neighborhood. Stepping inside the large foyer, it leads to the spacious living room with new hardwood floors. There is an Office that can be used as a bonus room, exercise room, or an additional bedroom. On the opposite side of the foyer is the Formal Dining room. The open layout seamlessly connects the kitchen and the Living room perfect for entertaining guest. The kitchen has undergone recent renovations, boasting new granite countertops, a stylish tile backsplash, and new stainless steel appliances, painted cabinets, and updated hardware add a touch of elegance. You can sit at the Island and enjoy watching the smart tv above the walk in pantry. This property is Ideal for remote work, featuring Cat 5 wiring, providing a reliable internet connection for your home office. New lighting fixtures and faux wood blinds throughout enhance the home’s appeal. The Primary Bedroom is very spacious with new wood floors and the Primary bath has upgraded granite counter top, large soaking tub, separate shower and two closets. Stepping outside from the Great Room onto your open patio this blank slat backyard is waiting to be turned into your backyard dreams. The privacy fenced backyard has a 12 ft access gate to allow access to the backyard and easy access to store your boat/camper behind the fence. There is fire pit to enjoy sitting around on those chilly nights and there is 10 x 10 shed for storage. Seamless gutters have been added around the home. The sellers have thoughtfully installed a 50-amp RV service outlet. The garage is finished with decking in the attic and overhead storage racks.***VA Assumable Mortgage Available.***
Source: PENSACOLA #651152
Source: PENSACOLA #651152
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: #651152
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.