5604 KAILEY RD, Milton, FL 32583
This home is as smart as it is beautiful! Boasting all sorts of energy efficient features, this home is Earth Cents certified and comes with paid off solar panels (electric bill is usually around $40 a month). The beautiful split floor plan offers an open layout in the great room with wood-look tile unifying all the spaces. The center island offers a two-sided breakfast bar as well as lots of space for all your kitchen storage needs. The 9 foot ceilings and 10 foot tray ceilings add another dimension of spaciousness to the split floor plan. The master ensuite bathroom has a beautiful garden tub, lots of counter space with the double vanity, a water closet for your convenience, and a beautiful custom-tiled, smooth entry separate shower. The walk-in closet in the master conveniently connects to the laundry room. Perfect for guests or a teen needing some extra space, the fourth bedroom also has its own ensuite bathroom. Step out into your lovely lanai (with LED canned lighting) from the double French doors in your kitchen overlooking the fully vinyl fenced backyard with no neighbors behind the property! Enjoy a long list of energy efficiency features in this home including an EV outlet in the oversized garage, energy efficient multi-setting LED lighting and water saving fixtures, energy efficient range as well as built-in microwave and dishwasher, vinyl energy saving Low-E windows, and energy efficient heat pump, water heater and HVAC system. The property also conveys with an ADT alarm system in place for new owner to start service and a Nest smart thermostat. Close to everything you need but also nestled in nature’s beauty, you will love making this property your own.
You may be able to put down less than the total down payment amount of $129,321 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #651327