6612 CEDAR ST, Milton, FL 32570
Are you looking for a cute and charming home in the heart of Milton? I have the one for you. This three-bedroom, one-bath home also features an extra room with a closet that could serve as a playroom or office. This home was remodeled in 2021, and still looks like new, with the updated HVAC system, a 50-gallon water heater, new plumbing, luxury vinyl flooring, windows, bathroom, kitchen and kitchen appliances, and step-down laundry room. The deck off the kitchen is perfect for your morning cup of coffee as you listen to the birds and begin your day. The fenced-in yard is spacious for children and pets. Located in the A-rated Santa Rosa County School District, it's close to downtown Milton, Pace, and just 20 minutes from entertainment and nightlife in downtown Pensacola Whether you like to fish at the Blackwater River, walk the sugar white sandy beaches along the Gulf Coast, hike the trails of the Blackwater forest, or canoe down the Cold Creek River, this home is near it all and just for you. Aviation enthusiasts will love the proximity to NAS Whiting Field and NAS Pensacola, home of the famous Blue Angels. Don’t miss out on this gem! Check it out today!
You may be able to put down less than the total down payment amount of $47,609 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: #647475