4500 Sleepy Hammock Dr, Milton, FL 32583
3 beds · 2 baths · 1,508 sqft
Welcome to 4500 Sleepy Hammock Road, located in the peaceful Sleepy Hammock Farms community in Milton, Florida. Situated just off US Highway 87 and south of I-10, this charming well-maintained home sits on over an acre of open, level, and cleared land, plenty of space for small farm living. Built in 2005, the home features 3 bedrooms and 2 full baths across 1508 square feet, providing the perfect balance of comfort and convenience. The kitchen in this home is a standout, with lots of cabinets offering ample storage space, making it a dream for anyone who loves to cook. Adjacent to the kitchen, you’ll find a separate dining area that’s perfect for group meals or entertaining. Additional features include wood-look flooring and a lovely home fireplace that enhances the warmth and charm of the home. Outside, you’ll enjoy a fenced backyard, providing added privacy and a safe place for pets or small farm animals. The cleared yard gives you plenty of space for gardening, family activities, and even small farm animals, perfect for those looking for a mini farm. Imagine fresh eggs or a small goat or two—this property gives you the freedom to enjoy it all! There’s also a full RV hookup, perfect for parking and connecting your RV when you’re not on the road. For extra storage, the property includes several storage buildings, giving you plenty of space for tools, equipment, or hobbies. Is there a sports enthusiast, bookworm, gamer or crafter in your life? Surprise! The separate country den provides a cozy retreat, perfect for sports watching, game nights, crafting or just relaxing. The property also boasts a covered carport and an open pole barn, ideal for storing an RV, boat, or extra vehicles. If you’re seeking a home where southern comfort meets space to roam, 4500 Sleepy Hammock Road is ready to welcome you home!
Source: PENSACOLA #655186
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #655186
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: #655186
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.