4159 WILL LN, Milton, FL 32571
Beautiful Craftsman home in Arbor Place subdivision which offers underground utilities, sidewalks, great amenities including a resort style pool plus a convenient location and Pace schools. The popular Delray floor plan is a low maintenance home with granite throughout, recessed lighting, under mount sinks, Luxury vinyl plank (LVP) flooring in the main living areas of the home and has carpet in the bedrooms. The kitchen has a large open feel flowing to the great room. Perfect for family gatherings and parties. Kitchen includes, pantry, stainless steel smooth top electric range, microwave/hood, and stainless steel dishwasher and an island overlooking the great room. Master Bedroom offers privacy being separated from the other three bedrooms. The adjoining bathroom has a granite double vanity and an easy access shower. You are sure to enjoy lots of fun times on the large back porch relaxing, grilling and entertaining guests. This home has one of the larger lots in the subdivision. You are 30 minutes to Pensacola Beach, Benny Russell Park within walking distance - trails, kids water park, and playground. This property combines contemporary living with convenient location and community charm. Located in the thriving community of Pace, this property places you in the heart of it all, with easy access to local shopping, dining, and entertainment options. Whether it’s a morning swim in the community pool or a leisurely weekend exploring the local area, this home offers a lifestyle of comfort and convenience.
You may be able to put down less than the total down payment amount of $84,445 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #651922