6458 Greenwell St, Pensacola, FL 32526
3 beds · 2 baths · 1,222 sqft
This charming ranch style home located in the heart of Pensacola close to the shops, restaurants, beaches and more. As you enter the home you will notice the abundance of natural lighting throughout and high vaulted ceilings. The home has canless recessed lighting with NO popcorn ceiling, and has a nice open floor plan. The kitchen stainless steel appliances are all less than 3 years old. It has a large farm style sink with a beautiful backsplash that really make this kitchen stand out. This home has no carpet and luxury vinyl waterproof tile throughout with a wood look is very appealing. The master bedroom is off the living room towards the back of the home and offers a HUGE WALK-IN closet. The shower and large vanity go great together with the perfect colour scheme. The shower is completely tiled with a large sliding glass door. The master bathroom has a neutral color barn door for extra privacy. The two additional bedrooms on the side of the home have large closets and 2 additional closets for extra storage. The additional bathroom has a beautiful tile shower and bath combo. This home also has high impact glass windows done by Window World. The HUGE back yard is fenced and has a DOUBLE GATE metal frame opening and storage shed. The home has a one car garage plus an additional storage area inside the garage and a seperate door to the back yard. This home won't last long. The Tankless hot water heater was replaced in 2023. The roof is 3 years old. This home has it all. Call today for a tour of this home.
Source: PENSACOLA #661301
Financials
Source: Public records
Source: PENSACOLA #661301
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.