5972 Forest Bay Ave, Gulf Breeze, FL 32563
4 beds · 3 baths · 2,296 sqft
Welcome to your dream home in Forest Bay Estates! This 4 bed, 3 bath residence is loaded with upgrades. Upon arrival, you'll notice the beautiful landscaping and charming exterior that sets the tone for the inside of the home. Entering this open concept, split floorplan property, you'll discover a meticulously crafted interior with multiple high-end finishes and thoughtful design choices, including the newly installed wallpapered accent walls in the breakfast nook, dining room, and primary bedroom. LVP flooring throughout the home. The gourmet kitchen features a plumbed in propane gas powered stove with air fryer and plancha burner, upgraded quartz countertops and backsplash, large wet island with farmhouse sink and cabinets for ample storage, and a breakfast nook off the side The living room is flooded with the natural light that shines through the large windows that look out into your own backyard oasis with a view of the pond and the forest behind the property. The extended patio is the perfect outdoor entertaining space. The primary suite features a beautiful tray ceiling and has a spa-like bathroom with a double vanity, walk-in closet, garden tub, and separate shower. The 3 additional bedrooms offer plenty of space for family members or overnight guests. Rest easy during storms, knowing the whole house Generac generator will keep everything up and running. The HVAC was recently upgraded with sealed ducts and an air purifier for maximum efficiency during these hot summer months. The garage is fully finished and features a wired plug in for electric vehicle charging. The community offers a gated pool with pavilion and gazebo. Come see this beauty today!
Source: PENSACOLA #650344
Source: PENSACOLA #650344
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: #650344