5158 Cocoa Dr, Pensacola, FL 32526
3 beds · 2 baths · 1,650 sqft
Welcome to the Floridian Subdivision, where this welcoming 2006 brick construction residence awaits you!! This thoughtfully designed home features a well-organized split floor plan with 3 bedrooms and 2 bathrooms, offering a comfortable 1,650 square feet of living space. Upon entering, to your left, you'll discover two additional bedrooms and a guest bath, providing ample space for family or guests. As you move forward, the generously sized living room welcomes you with the warmth of a gas fireplace, setting the stage for perfect gatherings and moments of relaxation. The dine-in kitchen is a true delight for chefs, boasting an island and stainless steel appliances, including an updated gas range that simplifies meal preparation. Recent upgrades, including a new roof and a tankless gas water heater, contribute to the home's efficiency and value.The master bedroom is a genuine retreat, complete with a walk-in closet and an en-suite bathroom featuring a walk-in shower. One of the standout features of this property is the 32x10 Florida room, a versatile space with water and gas grill hookups, perfect for entertaining, relaxation, or simply enjoying the Florida sunshine. For your peace of mind, the home is equipped with a whole-house 25kw natural gas generator, ensuring you're prepared for power outages. The location of this home offers the convenience of a quick commute to NAS Pensacola, Corry Station, and the beautiful beaches and amenities of Pensacola. Don't let this fantastic opportunity slip away. Contact us today to schedule a viewing and experience the comfort, convenience, and charm that this property has to offer.
Source: PENSACOLA #635068
Source: PENSACOLA #635068
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: #635068
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.