5430 N Shore Rd, Pensacola, FL 32507
3 beds · 3 baths · 2,205 sqft
Experience breathtaking year-round sunsets over Perdido Bay from this exceptional property in the exclusive, gated community at the west end of Innerarity Island. This home has amazing panoramic views of a pristine nature preserve and Perdido Bay, making it an ideal retreat for nature enthusiasts. Marvel at bald eagles soaring overhead, red foxes darting by, deer grazing in the backyard, blue herons fishing along the shore, and dolphins leaping in the bay. Owls and osprey can be seen nestling in the back yard as well. Boating enthusiasts will appreciate the convenience of a nearby boat launch. This serene brick home has been updated in the past three years with a new roof, HVAC system, dishwasher, stove, and gas fireplace. For added security and comfort during inclement weather, the home includes a whole-house generator and a tankless gas water heater. The interior boast high-end finishes, 10 ft ceilings and the spacious, split floor plan. The kitchen offers quality cabinets with soft close drawers, granite counters, and updated stainless appliances. Some cabinets have glass doors with accent lighting which adds a classy touch. The large island step-up bar is perfect for entertaining guests. A sunny breakfast nook offers bay views. Relax on the oversized screened porch, ideal for enjoying the scenery, wildlife, boat watching, and hosting family and friends. A convenient half-bath is located just steps away. The private master suite, with access to the screened porch, includes a spa like bathroom with a double vanity, huge soaking tub, and large custom tiled walk-in shower. On the opposite side of the house, two generous guest bedrooms share a hall bath. Up front near entrance, a large formal dining room, filled with natural light and built-in shelving, also serves as an ideal home office. The community waterfront park is just two homes away from the from your front door. Welcome to your slice of paradise on Innerarity Islan
Source: PENSACOLA #650046
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #650046
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: #650046
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.