676 Buoy Dr, Pensacola, FL 32507
4 beds · 2 baths · 2,298 sqft sqft
Assumable VA loan available for qualified VA buyers!! Welcome to this charming Pensacola home that combines modern amenities with classic comfort! These 4 bedrooms and 2 bathrooms are perfect for families or those who love to entertain. This home is not just beautiful but also energy-efficient, featuring a solar panel system that can be controlled remotely - offering energy efficiency and savings on utility bills. Additionally, a custom-cut built-in bookshelf adds both functionality and charm to the home. The HVAC system was replaced just six years ago, and the water heater is brand new, having been installed only six months ago. The roof is also in great shape, being just six years old. The property features a convenient a two-car garage, a Transfer switch installed to power the entire house during a power outage. Enjoy outdoor living on the 18x24 two-level deck, complete with ceiling fans and surround sound for your entertainment. There is a spacious 12x24 storage shed that provides ample storage space. Located in Emerald Shores neighborhood, this home offers the convenience of easy access to local amenities, shopping, and dining, and just a short drive away to NAS and beaches. Don’t miss the opportunity to own this lovely home that truly has it all!
Source: PENSACOLA #653368
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #653368
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: #653368
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.