5093 PEACH DR, Milton, FL 32571
Assumable 5.25% mortgage with qualifying! Just 3 years old and lovingly maintained! Elegance and comfort are yours with luxury vinyl flooring thru out & plush carpeting in bedrooms. Dramatic vaulted ceilings add a sense of grandeur to expansive great room & fabulous kitchen. Stunning granite countertops, an island & stainless steel appliances – side by side refrigerator, range with glass subway tile backsplash & pot filler, built in microwave & dishwasher. Abundant white upscale cabinetry along with a pantry are sure to provide all kitchen storage needs. Stunning white porcelain farmhouse sink creates an impressive focal point. Recessed and pendant light fixtures add to the ambiance and complement both casual & formal dining areas. Double French doors open to charming covered porch & back yard. Thoughtful layout includes a split bedroom plan for privacy. Primary bedroom and ensuite bath are a delight! Impressive tray ceiling accents spacious bedroom and bathroom features all your could desire - double vanities, granite countertop, oversized step-in tile shower, soaking bathtub, private toilet area and walk in closet. Additional bedrooms have ceiling fans and adequate closet space – one bedroom has a custom made designer closet! Laundry room & large linen closet are located in hallway leading to primary suite. Two car garage is accessed just steps away from foyer. Exterior is just as impressive, built to latest building codes with an all-brick facade for easy maintenance. Hurricane protection via Fabri shield coverings for all windows. A termite bond provides additional peace of mind. With custom blinds, privacy fence, refrigerator, washer & dryer, ceiling fans and termite bond, this home surpasses new construction in the area, offering a ready-to-enjoy living experience without the common issues associated with new home purchase. Beautiful Woodlands neighborhood has sidewalks, underground utilities, playground and gazebo.
You may be able to put down less than the total down payment amount of $23,160 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: #643649