5820 SHETLAND CIR, Milton, FL 32583
ELEGANCE, SERENITY, COMFORT--This gorgeous 5BR/3Bath home has this and so much more. Welcome to the Moors Golf & Racquet Club, a pristine gated community with large lots, sidewalks, and picture-perfect landscaping. Residents can enjoy the benefits of the community's club house, pool, playground, and tennis courts. But that's not all! This custom-built home will take your breath away with its 10ft, double-tray ceilings, quartz countertops, and spacious rooms. The luxury vinyl plank flooring in the living area is not only durable, but also matches the stylish sophistication of the home. Enjoy your favorite music with built-in speakers in the master bedroom or living area. Feel like a master chef in the well-designed kitchen with white quartz countertops, island sink, and convection oven. It's enough to make every guest green with envy. Sip your morning coffee under the breeze of the patio fan, then do a little gardening in the raised vegetable beds while the kids entertain themselves on their own playground set. Then, relax in the backyard while watching the sunset or kick back for your favorite show in a living room. It's enough to make you feel like royalty. The corner lot borders green space to give even more elbow room and across from the picturesque Shetland Lake to make the setting of this home beautifully unique. Concerned about Florida storms? Don't be! A generator hookup has been installed so you can stay cool and save your frozen foods while everyone else is without power. Looking for a convenient location? You got it! You will be no more than a half hour to Whiting Field, NAS Pensacola, and Downtown Pensacola, and Pensacola Beach, or hop on the interstate less than 5 minutes away and avoid all the in-town traffic. The neighborhood is away from the hustle and bustle of town but just minutes away from plenty of stores and restaurants in Pace & Milton. ***SELLER IS OFFERING CONCESSIONS TOWARD INTEREST RATE BUY DOWN OR CLOSING COSTS.***
You may be able to put down less than the total down payment amount of $300,955 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: #642075
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.