5985 Forest Bay Ave, Gulf Breeze, FL 32563
4 beds · 3 baths · 2,304 sqft
?? Exceptional Value in a Pristine Home! ?? Located in Forest Estates, a Family-Friendly Community Experience the perfect blend of luxury and practical living in this “better than brand new” 4-bedroom, 3-bathroom craftsman home. Priced competitively to outshine the market, this residence boasts a series of high-end updates that set it apart. Forest Estates offers a welcoming environment with sidewalks, a large community pool, and a picnic area perfect for family activities. Home Features Include: Elegant Entryway: Be greeted by a solid custom wood front door leading into a spacious, boho-modern interior that combines airy and casual elegance. Stylish Living Spaces: The home features beautiful Luxury Vinyl Plank flooring throughout, complemented by high ceilings with recessed lighting and thick, oversized baseboards and trim. Chef’s Dream Kitchen: Equipped with soft-close shaker cabinetry, stainless steel appliances, a custom deep pantry, and midcentury style pendants over a large painted island. Seamless Entertainment: A great room that merges living and dining areas, highlighted by a trimmed entertainment space with sconces, making it a charming focal point. Luxurious Bedrooms and Baths: Includes a private master suite with a jetted tub, glass shower, and double vanities. Two additional spacious bedrooms and a perfect office or guest room with a private bath ensure comfort and privacy. Outdoor Living: A manicured lawn encircles the home, leading to a fully fenced backyard with a delightful patio and playhouse—ideal for relaxation or play. Oversized 3-Car Garage: Ample space for vehicles, projects, or toys, enhanced by recent updates including functional built-in shelving. This meticulously maintained family home is not only a peaceful retreat but also a hub for entertaining and enjoyment. Don’t miss out on this unique opportunity—this stunning property is set to sell fast!
Source: PENSACOLA #651018
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #651018
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 30-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: #651018
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.