5604 Kailey Rd, Milton, FL 32583
4 beds · 3 baths · 1,942 sqft
**VA assumable loan at just 3.38%!!** 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.
Source: PENSACOLA #651327
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #651327
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: #651327
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.