6762 DRIFTWOOD AVE, Milton, FL 32570
Welcome to your dream home in the heart of Milton, FL! This stunning 4 bedroom, 2 bathroom DSLD home, built in 2022, offers 1,925 square feet of modern living on a spacious 1-ACRE LOT WITH NO HOA!! IT'S PRACTICALLY STILL BRAND NEW! JUST IMAGINE WHAT YOU COULD DO ON YOUR OWN ENTIRE ACRE!! Designed with a contemporary open living room and kitchen concept, this home features a desirable split floor plan, providing privacy and comfort for all family members. Step inside and be captivated by the luxurious details, including LVP flooring throughout—no carpet in sight! The kitchen and bathrooms boast elegant QUARTZ COUNTERTOPS, BRONZE FIXTURES, and UPGRADED CHANDELIERS, complemented by recessed lighting for a warm, inviting ambiance. The entire home has 10 FT. CEILINGS THROUGHOUT giving it an even greater airiness. The UPGRADED STUCCO ENTRANCE and TILE BACKSPLASH in the kitchen add a touch of sophistication, while the stainless steel appliances ensure a sleek, functional cooking space. This home is still under the builder's 10-year STRUCTURAL WARRANTY, offering peace of mind for years to come. Enjoy the convenience of nearby shopping and dining options, as well as the short drive to the stunning EMERALD COAST BEACHES of Navarre and Pensacola. Additional upgrades include upgraded cabinet hardware and sinks, soffit lighting, and flood lights, enhancing both the aesthetic appeal and security of your new home. ROOF, HVAC, ELECTRICAL, PLUMBING, AND WATER HEATER ONLY 2 YEARS OLD. Don’t miss out on this incredible opportunity—schedule your private tour today and make this exceptional property your own! Sellers are MOTIVATED!
You may be able to put down less than the total down payment amount of $55,434 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: #650056
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.