6289 Howie Way, Milton, FL 32571
4 beds · 3 baths · 2,477 sqft
Check out this prestige level home with 4 bedrooms, 3 baths, and a 2 car garage. Sitting on a 1/2 acre lot, this home is located in a quiet, highly desirable area of Pace. Loaded w/upgrades & unique design details, the home features custom-made window and door casings, crown molding, 10 ft. ceilings in the entry, living room, and dining room, granite countertops throughout, custom-built cabinetry, solid wood shelving, & continuous EVP flooring in main living areas. The master suite boasts many luxurious elements such as tall tray ceilings w/LED recessed lighting, separate tiled shower, garden tub, double vanity, and 2 walk-in closets. Featuring Samsung appliances, the kitchen includes a gas range, over the range microwave, dishwasher, and disposal. In the kitchen, you will also find a large pantry with solid wood shelving, an undermount sink, & a large island. Additional upgrades featured in the home include floor outlet in living room, built in Mud Bench, and gas 50 gallon water heater. The unique design details of this home spill from the inside, out. On the exterior, you will find LED recessed lighting in the front eaves, custom built Craftsman shutters, Low-E windows, hurricane protection, gutters, and irrigation system! This home also offers a whole home Generac generator, so you'll never be without power.
Source: PENSACOLA #654345
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #654345
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: #654345
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.