5121 Brookside Dr, Milton, FL 32571
5 beds · 3 baths · 2,562 sqft
*Solar panels to be paid off at closing by seller with an acceptable offer, monthly electric bill is $62/month, price increase is due to the seller paying off the solar panels at closing* Discover modern elegance in this beautifully updated 5 bedroom 3 bathroom home, located in Milton. Oozing with striking renovations that include brand new HVAC November 2024, solar panels, whole home generator tie-in & new LVP flooring throughout, this impressive home showcases attention to detail and a focus on stylish convenience. Step inside where an ambiance of crispness and clarity reigns. The formal living room stands ready to elegantly entertain guests or serve as an intimate retreat for reading and relaxation, equipped with a wood-burning fireplace that promises to cast a warm, inviting glow on cool nights, forging an undeniably homely atmosphere that relaxes and rejuvenates. Seamlessly connected is the expansive second living space that overlooks your backyard. The well-planned layout follows a split floor plan, ensuring personal space and privacy for all occupants. Your culinary pursuits will flourish in the tastefully updated kitchen adorned with granite countertops, commendable stainless-steel appliances and an appreciable amount of storage and countertop space. Further enhancing the home's allure is the freshly painted interior. In the master bathroom, sophistication meets comfort. Recently upgraded with quartz countertops and new cabinets, it additionally features a delightful garden tub which offers a place to lay back and unwind after a long day. Soak in peace and tranquility, embraced by warm water and the soft whisper of silence. The property's exterior does not disappoint either, boasting a fenced-in backyard perfect for weekend barbecues, safe play for children, or lounging in the sun with a captivating book. And to top it off, a new roof installed in 2021 safeguards all these wonderful features, providing a shield against the elements & promising durability.
Source: PENSACOLA #652029
Source: PENSACOLA #652029
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: #652029
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.