5495 Heatherton Rd, Milton, FL 32570
4 beds · 3 baths · 2,568 sqft
OPEN HOUSE 12/14 1-2 pm! Located in the prestigious Cottonwood gated community, this extraordinary corner-lot home offers unparalleled luxury, modern convenience, and a host of premium features designed for comfort and style. With rare natural gas access, energy-efficient upgrades, and over-the-top outdoor spaces, this home is perfect for anyone seeking a move-in-ready retreat. The heart of the home is the chef's kitchen, complete with leathered granite countertops, custom-built soft-close cabinetry, a Frigidaire Pro gas stove, stainless steel apron sink with touchless faucet, a coffee bar, and elegant imported Italian tile backsplash. The open layout flows into spacious living areas featuring high ceilings, engineered hardwood floors, recessed lighting, and a modernized fireplace with a granite hearth and wooden mantle, perfect for your Christmas stockings. The luxurious master suite serves as a tranquil escape with dual walk-in closets, an electric fireplace, and a spa-like bath featuring dual vanities and a garden tub. Secondary bedrooms are equally inviting, with upgraded carpet and modern finishes throughout. Step outside to a beautifully landscaped backyard complete with a screened-in patio featuring German smear brick, a 16-ft pergola, a fire pit with integrated lighting, and a smart Rain Bird irrigation system using a private well. Sitting on a corner lot, the home offers additional privacy and curb appeal with upgraded fencing, multiple access gates, and a freshly painted 10x20 storage shed for added convenience. This home also includes energy-efficient UV-tinted windows, a Generac 24kW generator, a Rheem tankless gas water heater, and high-speed AT&T Fiber Internet, ensuring comfort and reliability. Smart home features like a myQ smart garage door opener, smart thermostat, and an updated ADT security system complete this exceptional property. Don't miss your chance to live in one of Milton's most sought-after communities-schedule your private tour today!
Source: PENSACOLA #655778
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #655778
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: #655778
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.