7217 TANNEHILL DR, Pensacola, FL 32526
Second chance to own a beautiful pool home with a split floor plan and a mother-in-law, or best friend, suite! This home has been meticulously cared for and has all the modern conveniences. Soft close cabinets and quartz countertops make this kitchen a dream! The new gas stove with convection and airfry settings make all your cooking dreams come true! It even self cleans! You'll love the built in filtered water feature right at the sink, saving you money on bottled water. Each bathroom has quartz countertops that match throughout the home. Stay cool during the Florida summers with the 4 ton HVAC that was installed in 2022. The home is also equipped with a whole home air purifier keeping the air inside fresh and clean! The woodburning fireplace is equipped with gas as well that just needs connecting should you prefer a fire at the push of a button. With or without a fire you will love the large open living area perfect for family movie night or just relaxing with a book. Don't forget the bonus office/study area that is perfect to work from home. The large window allows so much natural light you will enjoy this room no matter the purpose you give it. When the day is over relax in the primary bedroom that has its own exit to the screened porch where you can spend countless hours relaxing. You'll love the custom built storage in the walk in closet, making it easy to organize all your clothes, shoes, hats, whatever your style! On the opposite side of the home you will find the 3 generously sized guest rooms with a guest bath in the hallway shared by two of these rooms. The mother-in-law suite has a private bath AND a walk in closet making this the perfect spot for an aging parent or moody teen! This room also has its own exit to the screened porch as well, making this the perfect spot for guests to use from the pool and keep your floors nice and dry without tracking through the whole house. This home has too much to mention here, you must see it for yourself.
You may be able to put down less than the total down payment amount of $32,066 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: #651206
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.