4308 Village Oak Ln, Milton, FL 32571
4 beds · 2 baths · 1,863 sqft
THIS IS NO ORDINARY HOME! The only floor plan like it in the neighborhood makes it unique and the upgrades made by the owners make it special. An added bonus - located near the end of the cul-de-sac in very close proximity to the park/splash pad and walking trails. This beautiful home has a large front porch, another feature you won't find on any other house in the neighborhood, as well as a screened back porch. The open floor plan is great for entertaining and large family gatherings. The kitchen has an abundance of cabinets, built-in microwave, dishwasher and smooth cook top stove. It also features granite countertops and owners added additional pantry cabinet. The split floor plan has the master bedroom located off the kitchen and has a large walk-in closet, trey ceilings and private bath. The 3 additional bedrooms are located off the living room at the back of home with a full bath to service them. Among the other upgrades are custom shelving and shiplap in the laundry room, new bathroom exhaust fans with LED lights and Bluetooth speakers, luxury vinyl flooring in all the bedrooms and faux wood blinds on all the windows. See for yourself the family features this home offers in a home designed for family living!!! Too good to last too long!! CALL TODAY!
Source: PENSACOLA #648788
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #648788
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: #648788
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.