6479 PANSY DR, Milton, FL 32570
This lovely Craftsman home offers the perfect Florida lifestyle with its custom-built, saltwater pool and spacious living areas. With 2,716 square feet, this home is designed to accommodate a large family and provide ample space for entertaining. The highlight of this home is the custom-built pool, allowing you to enjoy the benefits of swimming and relaxation right in your own backyard. The pool is always open for family and friends, providing endless fun and a refreshing escape from the Florida heat. With the warm weather extending past Labor Day, you can enjoy swimming for almost half of the year. Four spacious downstairs bedrooms have roomy closets to meet the needs of a large family. Additionally, there is a fifth bedroom/bonus room upstairs, offering versatility and extra space. The master suite features a tray ceiling, adding a touch of elegance and creating a sense of volume in the room. The master bathroom boasts custom cabinets with a built-in vanity, adding functionality and style. The living room is designed with sophistication in mind, featuring an elegant coffered ceiling that not only adds grandeur to the space but also absorbs sound and eliminates echoes. This unique ceiling design provides a textured appearance and an illusion of height, enhancing the overall aesthetic of the room. The living room is further enhanced with an electric fireplace, providing ease and ambiance. Throughout the main living area, you will find hardwood-look tile, offering a timeless, durable, and beautiful alternative to natural wood flooring. The bedrooms are carpeted in a soft, beige carpet, adding comfort and warmth. The kitchen is a cook’s dream, with white custom cabinets by West Florida Cabinets that provide ample storage. Stainless steel appliances, including an oversized refrigerator and granite countertops, add a clean and modern touch to the open-concept design.
You may be able to put down less than the total down payment amount of $323,015 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: #644604