5912 Walter Franklin Rd, Pensacola, FL 32526
5 beds · 3 baths · 3,275 sqft
PRICE IMPROVEMENT!!! WELCOME TO YOUR FOREVER HOME! This beautiful Brick home features 5 bedrooms, 3 full bathrooms in addition to a large Bonus Room and separate office. Home is situated on a large .31 lot, located in the Beulah area and is close to shopping and to local schools. This open, split floor plan has TONS OF UPGRADES. Starting from the front door you will enter the foyer that leads into the Living Room. Living room has HIGH CEILINGS, CEILING FAN, AND A GAS FIREPLACE. There is WOOD LOOKING TILE FLOORS throughout the 1st Floor. The open kitchen has a breakfast bar overlooking the dining area. Kitchen is equipped with Stainless Steel appliances including a gas stove,under-mounted cabinet lighting and quartz countertops. The master bedroom also has an extra large walk-in closet that adjoins the laundry room for your convenience. The master bathroom features quartz counters, separate tub/shower and a water closet. To the right of the foyer you will see a hallway that leads to 3 additional spacious bedrooms, a full bathroom and a seperate office. Home has a mudroom area that leads to the two car garage.2nd floor has a Bonus Room and a separate bedroom and full bathroom. The home has a covered back porch, rear FENCED PRIVACY FENCE, GUTTERS, IRRIGATION SYSTEM and NEWLY installed SOLAR PANELS. There are ceiling fans in all 5 bedrooms and the seller upgraded lighting during build out to the led package. Seller states that the average electric bill is $30 a month.This home is meticulously maintained. Schedule your showing today before this beauty is gone!
Source: PENSACOLA #643283
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #643283
Source: Public records
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: #643283
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