7322 Mobile Hwy, Pensacola, FL 32526
3 beds · 3 baths · 2,106 sqft
This stunning one-acre property features a beautifully remodeled three-bedroom, two-and-a-half-bath home that combines elegance with cozy charm. As you enter, you are welcomed by an inviting living room centered around a stylish fireplace, perfect for chilly evenings. The open-concept layout seamlessly connects the living area to a formal dining room, breakfast nook, kitchen equipped with state-of-the-art appliances, sleek granite countertops, and ample storage, making it ideal for entertaining. The spacious primary suite boasts an en-suite bathroom with lovely finishes, while the additional bedrooms offer plenty of natural light and comfort. A versatile bonus room provides extra space that can be used as a home office, playroom, or media room, adapting to your lifestyle needs. The exterior of the home is equally impressive, surrounded by lush landscaping and open space, covered porch, perfect for outdoor activities or relaxation. There is a shop/yard building out back for extra storage or wood working. With its prime location and thoughtful updates, this property offers a perfect blend of tranquility and modern living. Don't miss the opportunity to own this home.
Source: PENSACOLA #650909
Source: PENSACOLA #650909
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: #650909
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.