4994 Prieto Dr, Pensacola, FL 32506
5 beds · 3 baths · 2,143 sqft
Available Immediately! Welcome to a Spacious 5 Bedroom, 3 Bath Brick 2 story home approximately 2,143 sq ft of living space, located in the beautiful Twin Oaks Subdivision. No HOA fees!! This home is perfect for a Large family. Home has been updated with new light fixtures throughout, new granite countertops in the kitchen, new kitchen sink, new cabinet hardware, fireplace has a new wood mantle, shelving, painted brick, carpet in upstairs bedrooms, LVP flooring added to stairs and upstairs hallway, and home security system. The nice size living room is open to the kitchen /dining combo which also has an under the stair storage closet. Large laundry room off of the kitchen with new shelving, countertops and also has a storage closet. All 3 bathrooms have been updated. Nice size backyard with new sod. Home also has solar panels installed in 2021 that help keep utility bills low.The Solar Panels will be paid off at close. To also help with Utility Bills, a Brand New HVAC system being installed! This beautiful home has some additional updates in the recent past such as new wiring 2018, roof replaced 2020, and electric water heater replaced 2021 and hurricane protection window covers. It is centrally located just minutes to NAS, Corry Station. Homes with this number of Bedrooms are Very Rare. Make your appointment to View Your New Home TODAY!
Source: PENSACOLA #649089
Source: PENSACOLA #649089
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: #649089