6130 Azalea Rd, Pensacola, FL 32504
4 beds · 3 baths · 1,604 sqft
**New Price and Assumable VA loan option!** Come see this beautiful mid-century home which has preserved its original charm all while having been tastefully upgraded and updated, making it ready for you! With 4 bedrooms, 2.5 baths and a bonus room, this split-level house has a functional living layout with room to entertain. In 2022 the home underwent renovations to include opening the main living space to create an open-concept floor plan. The kitchen is an entertainer's dream featuring gorgeous wood cabinetry, quartz countertops, gas range, a large island, and black stainless appliances. The living/dining combination is generous and comfortable. Upper level features all original oak hardwood floors which were restored and refinished throughout, one updated full bathroom, two additional bedrooms, and a primary suite with an updated half bath. The lower level features one full bath, a bonus room currently used as a work out space, and an additional bedroom. The garage was designed for one car, but features ample space for storage or smaller vehicles, and offers access to the backyard. The fenced in backyard is the perfect palette for your garden, play space, or even has room for a pool. New in 2022: tankless water heater, roof, bathroom updates, kitchen, interior paint, wood flooring refinished. Exterior painted in 2024. Home features natural gas for heating and has a generator as well. Updated four-point inspection from June 2024 and wind mitigation from July 2022, after new roof was installed are available for review. Make your appointment to preview today!
Source: PENSACOLA #646631
Source: PENSACOLA #646631
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: #646631
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.