6562 Fall St, Milton, FL 32570
4 beds · 2 baths · 2,119 sqft
Welcome to the perfect family home with so many extras. First, the all brick exterior offers an extra wide driveway with side parking for a boat or RV with hookup, a whole home generator, fenced back and front yards and an enclosed salt water pool. After a day of swimming and enjoying the covered patio, relax around a built in campfire pit after storing everything in the large shed. Step inside where you'll find spacious rooms with soaring ceilings, lots of natural light and freshly painted walls with no carpet anywhere. The kitchen features loads of storage, granite counters, stainless appliances, custom tiled backsplash and a large pantry. The primary bedroom features a tray ceiling and the ensuite offers dual sinks, a separate soaking tub and shower, walk in closet and toilet room. On the other side of the home you will find 3 nice sized bedrooms and a guest bathroom. One of the closets offers a built in wall safe. This home is situated on over a 1/4 acre in a family friendly community with no HOA, less than 2 miles to NAS Whiting and close to all the conveniences of Milton. To top it all off, there is an assumable VA loan to another VA eligible buyer with a rate of 4.75%.
Source: EMERALDCOAST #966600
Financials
Source: EMERALDCOAST #966600
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.