7331 Mobile Hwy, Pensacola, FL 32526
3 beds · 3 baths · 2,616 sqft
Welcome to this charming 3-bedroom, 3-bathroom home ideally situated just minutes away from the pristine Gulf Coast beaches. Nestled on Mobile Highway, the residence offers convenient access to I-10, ensuring ease of travel to nearby attractions and amenities. Upon entering, you'll be greeted by a spacious and well-designed interior. The living areas are large and allow plenty of natural light to fill the space. The open floor plan seamlessly connects the living room, dining area, and kitchen, creating a perfect flow for entertaining guests. The kitchen is equipped with ample counter space, and cabinetry, making it a delight for any home chef. The adjacent dining area is perfect for enjoying meals with family and friends. The highlight of this home is the full-size screened-in pool, providing a private oasis for relaxation and entertainment. Whether you're cooling off on a hot summer day or hosting a barbecue by the pool, this area is sure to become a favorite gathering spot. With 3 large bedrooms, there's plenty of space for a growing family or visiting guests. The master bedroom features an ensuite bathroom for added privacy and convenience. The additional bedrooms are well-appointed and can be utilized for various purposes, such as a home office or guest rooms. One of the major perks of this property is its proximity to the Gulf Coast beaches, offering endless opportunities for sun-soaked days, beachcombing, and water activities. Additionally, the convenience of being just minutes away from a variety of restaurants and excellent fishing spots enhances the overall appeal of this location. Whether you're a beach lover, a fishing enthusiast, or someone who enjoys the culinary scene, this home offers a perfect blend of comfort, convenience, and coastal living. Don't miss this opportunity!
Source: PENSACOLA #650248
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #650248
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: #650248
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.