5143 Teresa Dr, Milton, FL 32583
3 beds · 2 baths · 1,554 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Are you are looking for a home in a peaceful country environment but yet convenient to town? Don't look any further, you just found it... This home is perfect for you!... Nestled in a quiet and peaceful neighborhood, mere minutes away from Downtown Milton, Hwy 90, I-10, NAS Whiting Field, restaurants and shopping centers and... Black Water River; this beautiful 3BD/2BA home has a lot to offer. As you walk through the front door, you will notice the nice foyer leading to the large open concept and opening up on a spacious dining room that will welcome the whole family for your gathering events. The main area is greeting you with a warm and inviting living room and a beautiful kitchen nicely lighted with recessed lights, gorgeous granite countertops, plenty of cabinets and a nice pantry... A Perfect Chef's Dream kitchen!... The hallway adjacent to the living room leads to the bedroom area, that includes the master suite with its own large and beautiful bathroom where you can relax in your garden tub, enjoy a separate shower and a double vanity with granite countertop. Two additional bedrooms and a full bathroom are also part of that area. The updated luxury vinyl planks throughout the home, bedrooms excepted, makes this home elegant and so easy to maintain. Step outside and enjoy the screened-in back porch away from the bugs, and the wooden deck waiting for a new gazebo is perfect for cooking out and relaxing while watching your kids play around in the privately fenced-in backyard. Extras include, an inside laundry and a 2-car garage. Schedule your private showing today and make this home YOURS!
Source: PENSACOLA #659387
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: PENSACOLA #659387
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.