5093 Peach Dr, Milton, FL 32571
3 beds · 2 baths · 1,801 sqft
Popular Woodlands neighborhood! Sidewalks, underground utilities, gazebo and playground with splash pad! This home has been on the market for a while, but new home construction was ongoing – now there’s only a few left and not too much bothersome construction! 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 you 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. 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.
Source: PENSACOLA #643649
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #643649
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: #643649
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.