5952 Smarty Jones Way, Pensacola, FL 32526
4 beds · 2 baths · 1,787 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this well-designed 4-bedroom, 2-bathroom home offering 1,787 sq. ft. of functional living space. Sitting on a 0.16-acre lot, this home features a spacious front porch—perfect for morning coffee or unwinding in the evening. Inside, the open-concept layout connects the living, dining, and kitchen areas, making it easy to entertain. The kitchen is equipped with granite countertops, a large island with a breakfast bar, white cabinetry, and a walk-in pantry for plenty of storage. The primary suite is tucked away for privacy, with the additional bedrooms thoughtfully placed for comfort. Out back, the covered patio and fully fenced yard provide a great space for relaxing or hosting gatherings. This home is the perfect blend of modern design and everyday functionality—schedule your showing today!
Source: PENSACOLA #659874
Source: PENSACOLA #659874
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.