5495 Heatherton Rd, Milton, FL 32570
4 beds · 3 baths · 2,568 sqft sqft
This Milton family home, nestled in a gated subdivision, offers 4 beds, 2.5 baths, and 2600 sq ft. Renovations abound, from floors to fixtures. The layout impresses with EHW floors, cathedral ceilings, and arched details. A grand foyer leads to a formal dining and office. The great room features a fireplace and French doors to the patio. The kitchen is a chef's dream with Fridegaire Pro appliances, a granite island, butcher block coffee bar, and custom pantry. The master suite offers tranquility with trey ceilings and a spa-like bath. Guest bedrooms share a Jack-and-Jill bath. Outside, fresh landscaping, lighting, and a covered patio make for perfect entertaining. The house underwent extensive renovations in recent years. In 2020, a new roof was installed along with a 4K Sq Ft AC system, complete with a charcoal filtering system and ozone purification. The kitchen received a complete remodel, including new appliances such as a Fridegaire Pro gas stove, dishwasher, and cabinet microwave. Hardwood floors were also installed in the same year. In 2021, an on-demand gas heater and new bathroom vanities were added. Laundry cabinets and a folding table, matching the kitchen's design, were installed in 2020. The property was also fenced in the same year. Additional enhancements include a screened porch with German smear and vinyl plank flooring, a 16ft pergola, and a custom electric fireplace in the master bedroom. The entire house received new hardware, including door knobs, hinges, a front door lock, and a keyless entry system. Security was upgraded with an ADT system featuring two cameras, glass break sensors, and a smart garage door opener. Other improvements include a smart irrigation system, a gas line, AT&T fiber optic cable installation, fresh paint throughout, a barn door for the master bath, updated landscaping, and an extended driveway.
Source: PENSACOLA #644675
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #644675
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: #644675
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