4416 Summerfield Ct, Milton, FL 32571
4 beds · 2 baths · 1,798 sqft
This 4-bedroom, 2-bathroom family home is nestled in a quiet neighborhood in Pace, just off Hwy 90. With a generous .25-acre lot and a fully fenced backyard, this home offers the perfect blend of comfort and convenience. Inside you will discover a spacious living area with hardwood floors centered by a fireplace. Open to the living area and just off the kitchen is the roomy designated dining area that overlooks the lush backyard. The spacious kitchen is a chef's delight, featuring a timeless backsplash, modern appliances, and abundant cabinet space. A built-in lazy susan adds convenience for storing spices and baking supplies, and the oversized pantry, measuring 10'6" x 3', ensures you have plenty of room for all your culinary essentials. At the back of the house, the master bedroom that serves as a true retreat, featuring enough room for a king bed and a cozy sitting area. The master suite includes a large walk-in closet and an ensuite bathroom equipped with double vanities, one of which has a makeup vanity, a garden tub, and a stand-alone shower. The home also boasts three additional well-sized bedrooms, providing plenty of space for family and guests. Adding to the convenience of the home, an additional flex space is currently being used as a bedroom but can easily be transformed into the perfect office, den, or playroom, catering to your family's needs. The entire backyard is fenced, providing a safe and private space for children and pets to play. Enjoy the tranquility of a quiet neighborhood while being close to all the amenities you need. A rated schools, Target, Publix, Walmart, and more are just a short drive away, making shopping and errands a breeze.
Source: PENSACOLA #647317
Source: PENSACOLA #647317
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: #647317
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.