6334 Cottage Woods Dr, Milton, FL 32570
3 beds · 3 baths · 2,047 sqft
Beautifully well-maintained 3 Bedroom 2.5 Baths 2 Car Garage and OVER 2,000 sqft!!! Step inside and be greeted by a spacious, inviting living room complete with a cozy fireplace. The large kitchen, featuring a breakfast bar, seamlessly flows into the dining room, offering plenty of space for family meals or entertaining friends. The downstairs half bath is conveniently located for family and guests as well.Upstairs, you'll find all the bedrooms, including a fantastic bonus room that can be used as a second living area, home office, workout space, or anything you can imagine. The upstairs laundry area is an added convenience, keeping all the essentials close at hand.The primary bedroom has been thoughtfully designed for privacy, separate from the guest bedrooms. The primary bathroom features a double vanity and a large walk-in closet. Outside, the fenced-in backyard is great for pets and privacy for entertaining your guests. The 2-car garage and large driveway provide additional space for storage and additional parking. The location in the cul-de-sac also provides minimal traffic. This home has everything you've been searching for, with upgrades throughout, including a 2024 AC, 2015 Water Heater, and a new roof with acceptable offer.
Source: EMERALDCOAST #957703
Financials
Source: EMERALDCOAST #957703
Source: Public records
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%. 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.
Other resourcesWhat 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.
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