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5704 Nicklaus Ln, Milton, FL 32570

3 beds · 3 baths · 2,845 sqft

**Stunning Home in a Golf Course Community** Welcome to this beautiful 2,845 sq. ft. home nestled in a prestigious golf course community on a spacious 0.41-acre lot. This home features engineered hardwood and tile throughout, nine foot ceilings, crown molding, fresh paint, updated fixtures, and plantation shutters, adding elegance and style. This property features large living spaces, providing ample space for your family and guests. The spacious living room has new fans and an electric fireplace that is surrounded by beautifully detailed tile. The home boasts a roomy master suite and the master bathroom consists of a custom closet, jetted tub, and a rain shower head above the tub. Bedrooms two and three are connected by a Jack and Jill bathroom, ensuring convenience and privacy for all. The kitchen has two lazy Susans in the cabinets, double ovens, a new electric cooktop, cabinet space below the island, and fresh paint on the cabinets. There is also bar counter space in the kitchen which is perfect for guests to gather while you are prepping your favorite dishes. Right off the kitchen is a formal dining room which is perfect for entertaining. This home boasts a built-in office space providing a dedicated area for work or study. Enjoy year-round comfort in the heated and cooled sunroom, offering a serene view of the backyard and the saltwater pool and firepit. The pool has a newer pool pump and the gunite has been resurfaced. From the side of the house, there is easy access coming from the pool into the third bathroom/laundry room area. The two-car garage includes a finished room with a mini-split unit and cedar, ideal for a gym, craft room, flex room, playroom, or additional storage. The long drive has ample space for a trailer or boat and the circular drive provides ample parking for guests. The sellers are replacing the roof prior to closing, ensuring peace of mind for the new homeowner. Don’t miss your opportunity to own this exceptional property!

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
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Details
Home
Size
2,845 sqft
Lot size
0.41 acres
Year built
1989
Type
Single Family Residence

Source: PENSACOLA #649996

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?

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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?

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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?

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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?

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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?

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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.

View all FAQs
Last updated: Oct 23, 2024 09:05 am
Listing agent: Kimberly Smith (850) 619-8875
Listing provided courtesy of: Levin Rinke Realty (850) 916-5050
Details provided by PENSACOLA and may not match the public record.
MLS ID: #649996
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Pensacola Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Roam Brokerage, LLC are governed by the PAR Rules and Regulations and detailed information about them includes the name of the listing companies. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. Copyright © 2025 Pensacola Association of REALTORS®, Inc. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.