5873 Fairlands Rd, Milton, FL 32583
3 beds · 2 baths · 1,475 sqft
Price Improvement! Don't miss out.... Step into this pristine 2018-built cottage and experience modern charm with a cozy touch. The popular open floor plan flows seamlessly from the foyer into a spacious living room with vaulted ceilings, bathed in natural light. Enjoy the stylish LVP flooring and an inviting kitchen equipped with energy-saving Whirlpool stainless steel appliances, wood cabinets, and stunning granite countertops—perfect for entertaining. The dining area opens through elegant double French doors to a large covered porch, ideal for relaxation and outdoor gatherings. The oversized master bedroom features an en-suite bath with double vanities, a separate 4-ft shower, a large garden tub, and a walk-in closet. In this split floorplan home, the east side of the house, find two additional bedrooms and a shared bathroom. Convenience is key with an indoor washer and dryer and a 2-car garage with a mini-split air conditioning unit. The real gem of this property is the “L” shaped covered porch (18’ 6” x 16’) with beautiful decking and two outdoor fans, perfect for enjoying evenings year round. The backyard includes a large double gate (9' 11" opening) leading to Garden Street, providing easy access and ample space for parking your toys. Next to the gate, discover a charming shed/workshop (16'4” x 10'2”) complete with window box flowers. Don’t miss out on this well-kept, functional home that offers comfort and a touch of extra charm. Come experience the good life!
Source: PENSACOLA #650816
Source: PENSACOLA #650816
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: #650816