5008 Orlando Ct, Pensacola, FL 32526
3 beds · 2 baths · 1,560 sqft
Welcome to the Floridian, a beautiful subdivision with streetlights and underground utilities conveniently located off Blue Angel Parkway close to schools, shopping, Interstate 10 and quick access to NAS Pensacola and the Navy Federal Complex. SELLERS HAVE AN ASSUMABLE VA LOAN WITH AN INTEREST RATE OF 2.6%. The sellers will leave most of the furniture if a buyer is interested or they will donate to a local charity. As you enter the 12x6 foyer you will see that this well-maintained, cul de sac home has a very spacious open floor plan, vaulted ceiling, and plenty of lighting. Home includes new luxury vinyl flooring in most rooms, LED lighting, new heating, and cooling system, added gutters, new hurricane rated garage door, a gas generator and a New Roof is being installed within the next two weeks. The kitchen is open to the dining area and great room and includes a breakfast bar, large pantry and a separate 10x7 utility room next to the kitchen. The 24x19 dining room-great room includes a fireplace and a door leading to an open patio and privacy fenced backyard with utility shed for your gardening tools. The master suite is split from the guest bedrooms and includes a double vanity, a large closet, a linen closet and a new oversized shower. The sellers love growing their own fruit and vegetables and have a wonderful garden with tomatoes, potatoes, cucumbers, lettuce, etc. It also includes a hydroponic area and a utility shed.
Source: PENSACOLA #642564
Source: PENSACOLA #642564
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: #642564
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.