6913 W Jackson St, Pensacola, FL 32506
5 beds · 2 baths · 3,500 sqft
Get a free consultation call with an expert in the mortgage assumption process.
INVESTOR SPECIAL!! – PRIME FIX & FLIP OPPORTUNITY! Unique multi-structure property needing a full rehab. Perfect for investors or those looking to maximize value and income streams. Main Residence: This spacious 1,818 sqft home features 3 bedrooms and 1 bathroom, with a layout that makes it easy to convert into a 3/2. Bring your creativity and contractor to design a modern, functional living space or income-producing rental. Detached Guest House: Sitting separately from the main home is a 1,126 sqft, 2 bedroom, 1 bathroom guest house, offering the perfect opportunity for multigenerational living, a rental unit, or even Airbnb potential. The layout is ideal for privacy, and with the right rehab, it could generate strong cash flow. 3-Car Garage or Workshop: Attached to the guest house is a large 3-car garage/handyman’s workshop, with approximately 700 sqft. Consider converting this into a third living space to further increase property value and potential rental income. This property has the footprint and flexibility to become a true income-generating powerhouse or luxury home with an in-law suite, it is up to your imagination. The property needs a full rehab – cash offers only. Highest and best offers.
Source: PENSACOLA #662040
Source: PENSACOLA #662040
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.