5356 Lakewood Dr, Milton, FL 32570
4 beds · 3 baths · 2,300 sqft
Motivated Seller ready to get this property under contract today!!! This beautiful 4 bedroom, 2.5 bath home has two living areas and a bonus room. The Lake front property with a 2020 roof has an open floor plan with large picture windows throughout that allows natural light and peaceful nature views. The main floor has a large open living room, dining area and kitchen. Downstairs you will find a large den with fireplace and sliding doors that lead to the back patio and lakefront fully fenced yard. Also, off the den is an additional bonus room or extra bedroom that has a sliding barn door. There is also a half bath and laundry room attached to this extra room for added convenience. Upstairs you will find three bedrooms and 2 full baths. Large closets in each and original refinished hardwood floors. Historic Locklin Lake is currently undergoing a revitalization project expected to be completed this upcoming summer. Please view the link for more information: https://weartv.com/news/local/miltons-locklin-lake-revitalization-project-begins-expects-completion-next-summer This NO HOA home is conveniently located off Berryhill Road and is in the desired school district. You don't won't to miss this beautiful home in this established neighborhood. Call me today and call it home tomorrow.
Source: PENSACOLA #655433
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #655433
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: #655433
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