VA loan
1 of 50
VA loan
$1,100,000

5807 Dahoon Dr, Pensacola, FL 32526

5 beds · 5 baths · 3,148 sqft

A stunning single-family home nestled in a prestigious, high-demand neighborhood that embodies luxury and exclusivity. This exceptional residence boasts an array of custom features that set it apart as a masterpiece of modern living. As you approach the home, you're greeted by meticulous landscaping that frames the elegant facade. The exterior is characterized by its sophisticated architecture and a welcoming entrance. The property is situated within a secure gated community, offering peace of mind and privacy. Step inside to discover an interior designed with meticulous attention to detail. The spacious living areas are adorned with bamboo floors that exude warmth and durability. The heart of the home is a gourmet kitchen featuring top-of-the-line appliances and custom cabinetry, perfect for culinary enthusiasts and entertaining guests. The home accommodates five bedrooms, four and a half bathrooms and 3 car garage, each uniquely designed with custom finishes and fixtures that elevate comfort and style. Imagine beautifully crafted bedrooms and bathrooms, tailored to meet the highest standards of luxury and functionality. For those who enjoy outdoor living, this home exceeds expectations. The backyard is an oasis of relaxation and entertainment, featuring a paved patio with ample seating areas custom-designed for gatherings and quiet moments alike. A bespoke grill and fencing add to the outdoor charm, ensuring every detail is considered for seamless outdoor enjoyment. Additional features include a three-car garage for convenience and storage, ensuring ample space for vehicles and hobbies. Residents also benefit from access to community amenities such as a clubhouse, pools, and nature trails, enhancing the quality of life with recreational options just steps away. This home blends elegant design with practical amenities, a lifestyle that balances sophistication with comfort. Don't miss your chance to make this extraordinary home yours today.

Interest rate 3
4%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,646
With Roam
$2,108
Reduce your monthly payments by $461 when you assume this mortgage.
You also save $111,308 in total interest paid.

$827,493
Edit

You may be able to put down less than the total down payment amount of $827,493 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

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
Details
Home
Size
3,148 sqft
Year built
2013
Type
Single Family Residence

Source: PENSACOLA #649846

Loan
Remaining term
20 years, 1 month
Rate
4%
Monthly P&I
$1,646
Remaining loan balance
$272,506

Source: Public records

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?

expand content

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.

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Last updated: Nov 22, 2024 12:23 pm
Listing agent: Darina Ivanova (850) 602-1635
Listing provided courtesy of: Levin Rinke Realty (850) 916-5050
Details provided by PENSACOLA and may not match the public record.
MLS ID: #649846
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 © 2024 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.
$1,646/mo
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