654 Timber Ridge Rd, Pensacola, FL 32534
3 beds · 3 baths · 2,254 sqft sqft
This unique two-story home, eligible for a low-interest home loan, offers the perfect blend of architectural charm and peaceful retreat. From the moment you step through the elevated entryway, you'll feel the warm embrace of its inviting front porch—ideal for quiet mornings or unwinding after a long day. Set on 1.19 acres of tranquil land, this property feels like a private escape, yet it’s just minutes from all the conveniences of city life. Inside, you'll fall in love with the spacious open floor plan that effortlessly connects the living, dining, and kitchen areas—creating a perfect space for gathering, entertaining, or simply enjoying everyday life. The kitchen is thoughtfully designed with modern appliances, including a brand new refrigerator, generous storage, and a cozy breakfast nook that’s just waiting for your morning coffee rituals. The master suite feels like your personal retreat, with its private step-in shower and ample closet space. Two additional bedrooms are light-filled and versatile, whether you need extra space for family, guests, or a home office. Plus, the newly installed windows let in that beautiful Florida sunshine all year round. Step outside to your expansive backyard, where you can garden, play, or just relax under the stars. New outdoor lighting sets the mood for evening get-togethers on the patio. You’ll also love the convenience of the brand new garage door opener, which features three connection modes and compatibility with the MQ app, making garage access seamless. Location is everything, and this home has it all—easy access to schools, shopping, dining, and the best outdoor recreation Pensacola has to offer. Whether you're a first-time buyer or looking to upgrade, this well-maintained gem is a must-see. Don’t miss your chance to make it yours! Schedule a tour today and start the next chapter of your story in Timber Ridge!
Source: PENSACOLA #651033
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #651033
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: #651033
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.