5545 Heatherton Rd, Milton, FL 32570
5 beds · 3 baths · 3,097 sqft sqft
Welcome to your dream home in the prestigious gated community of Cottonwood! This exquisite 5-bedroom, 3-bath residence is perfectly situated on a half-acre lot, offering ample space for your family to thrive. Step inside to discover a neutral color palette that enhances the home’s bright and airy feel. The spacious great room features a stunning trey ceiling and a cozy wood-burning fireplace, seamlessly flowing into the breakfast nook and kitchen. Here, you'll find a center island, sleek granite counters, a walk-in pantry, and top-of-the-line stainless steel appliances, making it a chef's delight. The versatile large office space can serve as a playroom or additional living area, catering to your family's needs. This home is designed with a double split bedroom floor plan, providing privacy and convenience. The primary suite is a true retreat, boasting a generous bedroom with a trey ceiling and direct access to the covered patio. The luxurious primary bath includes double vanities with granite counters, a relaxing garden tub, a separate tiled walk-in shower, a spacious walk-in closet, and a private water closet. Additional bedrooms are generously sized and feature large closets, ensuring everyone has their own space. The two additional full baths are well-appointed with single vanities, granite counters, and tub/shower combos. The privacy-fenced backyard is a haven for outdoor living, featuring a large covered patio and a vast yard with ample room for a pool. Don’t miss the chance to make this beautiful property your forever home!
Source: PENSACOLA #652604
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #652604
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: #652604
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.