6130 AZALEA RD, Pensacola, FL 32504
**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!
You may be able to put down less than the total down payment amount of $32,705 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #646631