6335 Alvarado Rd, Pensacola, FL 32504
3 beds · 2 baths · 2,130 sqft sqft
This move-in ready Brick 3 bedroom, 2 bathroom pool home located in the heart of Pensacola is calling you. As you drive up you will notice the well-manicured yard leading to a court-yard entrance. The expansive great room with fireplace is sure to catch your eye as you enter. Past the great room you find a sunroom offering a second gathering place with views to the covered patio and saltwater pool. All the pool equipment is under 3 years old and pool equipment conveys. But you are not limited to the pool area as the backyard stretches to both sides revealing a second driveway with room to store your boat or trailer behind the fence, ample grass and room for a garden. Returning inside, continue to the large kitchen with white cabinets, a built-in office area, and breakfast nook, plus a formal dining room. Off the kitchen is the utility room with washer, dryer, hanging area, and pantry space. The back door leads into the oversized two-car garage and a large workshop area. On the other side of the great room are 3 bedrooms and 2 bathrooms. The primary bedroom offers ample room, 2 closets, custom built jewelry cabinet, and bathroom renovated with walk-in shower. Notable updates include 2017 addition of roof clips, gable bracing, hurricane shutters, hurricane rated door and garage door, 2018 primary bath updates, 2019 replacement of windows, 2020 replaced HVAC system and air ducts, 2021 roof replaced and new insulation installed in the attic plus additional exterior outlets were added. Close before Christmas and enjoy Christmas lights that wrap around the house, change colors and plug into a timer that the seller is leaving.
Source: PENSACOLA #654212
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #654212
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 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: #654212
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.