402 Front St, Century, FL 32535
3 beds · 2 baths · 1,270 sqft
PRICE REDUCED! Welcome home to this beautiful 3 bedroom/2 bathroom cottage, with an almost finished large workshop that can easily be converted to an ADU/Mother-in-law suite on an oversized lot, in historical Century Florida! You are welcomed to large front porch perfect for a porch swing to have your morning coffee and a few rocking chairs. Inside be greeted with warm wood look flooring, neutral colors and open floor plan. Bedrooms are spacious and back bedroom provides a private full bath. Laundry room leads outside to a covered deck area perfect for grilling and entertaining accomanied with a large backyard. Lot is over .36 of an acre and has a huge workshop equipped with power and a shed/animal pen with water. Home was built in 2018 and meets building code requirements including high impact windows. There's a tankless water heater is a gas Renai. The town of Century is a historic sawmill town bordered by the Escambia River and is home to 130 beautiful acres of fresh water known as Lake Stone which is a fisherman's paradise. Enjoy the quiet lifestyle of this beautiful property, and bring the boat as your just minutes from the boat launch and Escambia River. Schedule your private tour today!
Source: PENSACOLA #649527
Source: PENSACOLA #649527
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: #649527