5889 Danbury Blvd, Milton, FL 32571
5 beds · 3 baths · 2,535 sqft
** SELLER OFFERING $7,500 CONCESSION to BUYER ** Don't miss this BETTER THAN NEW CONSTRUCTION home with plenty of space for you and your guests! DOWNSTAIRS guest bedroom ~ UPDATES throughout ~ PAVER PATIO in backyard. Cute curb appeal and covered front porch leads inside to the LIVING ROOM / BONUS room on right and then to the open concept living / kitchen area. Kitchen has island with granite countertops, corner pantry, built in microwave, refrigerator, bar area for stools and large eat in area. GREAT ROOM is open to kitchen / dining for great entertaining flow. DOWNSTAIRS BEDROOM w/ hall bathroom is great for those that need downstairs accommodations. On the second floor, you'll find the spacious PRIMARY BEDROOM with accent wall, recessed lighting and beautiful ensuite bathroom with LVP flooring, garden tub, separate shower, water closet, double vanities w/ granite countertops and walk in closet with closet system. LANDING AREA is great bonus space as a "hang out" area for peace and quiet upstairs. BEDROOMS 3, 4 and 5 all share a HALL BATHROOM w/ double vanities, granite countertops and separate room for toilet and tub / shower combination plus bathroom linen closet for storage. Other amenities include: PAVER PATIO in backyard which is perfect for entertaining (and has warranty through B & C nursery); great play area; grass RE-SODDED w/ Zoysia grass; PRIVACY FENCE; COMMUNITY POOL; SIDEWALKS to Benny Russell Park w/ splash pad, playground and picnic area and so much more. This is truly a great home if you are in need of 5+ bedrooms and square footage for this amazing price! Hurry to see this one and get your offer in!
Source: PENSACOLA #658431
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: PENSACOLA #658431
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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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