4837 SKIPPER LN, Milton, FL 32571
STOP THE CAR! This is it, hidden in the heart of Pace, FL on 2.42 acres shaded with beautiful live oaks, an inground saltwater pool, 3 bedrooms, 2 1/2 baths, and Office space that has potential for 4th bedroom. From the front door step into the foyer with new LVP wood plank flooring, glance right to enter a step down into this larger grand living room with a vaulted ceiling with peek windows to match, a wood-burning fireplace for those cool nights, a step-up into the dining area that overlooks the kitchen with a large seated bar top area, the home office off the kitchen features built-in bookshelves, this room could easily double as a 4th bedroom. On the other end of the home is the master bedroom with a walk-in closet and master bath with a stand-up shower and double vanity w/vanity. Across the hallway is the 2nd bedroom with a pocket door entranceway into the shared hallway bathroom, the 3rd bedroom is stand-alone. Step out into the 22' x 20' attached garage, plenty of space for vehicles and there is an additional 24' x 20' detached garage with a storage room with a washer and dryer hook up and separate Well for the pool and outside water for animals or gardening. Fenced-in area with an 18'x36' inground saltwater pool. There is a small covered open shed area behind the detached garage to park the lawnmower and yard equipment. There is also an RV hook-up for water w/sewerage, and electricity on the backside of the property to the right of the home, this is great for visitors. The house has 2 HVAC units (2018 & 2023)and 2 water heaters(2018 & 2023), Updated flooring, and New paint There is a small playground for the kiddos to stay "as is". This is one of the two largest lots in the area, what a great hideaway convenient for shopping, and dining needs, and the beaches are a short trip down the road, with plenty of nearby boat ramps. You must-see to appreciate what this property offers. This property was built in 1978 but an "Effective year" of 2003
You may be able to put down less than the total down payment amount of $218,610 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: #639638
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.