7401 Mulberry Ln, Navarre, FL 32566
4 beds · 3 baths · 2,321 sqft sqft
******Exciting Opportunity for Qualified VA Buyers! This Home Features an assumable VA interest rate of 2.85% ******Welcome to this stunning 4-bedroom, 2.5-bath custom-built home, unlike any other! Old world colonial blends classic charm with contemporary luxury. Recently updated with all-new flooring, this home boasts a fully renovated kitchen featuring a 5x5 island, quartz countertops, a sleek hood range, soft-close cabinets with glass displays, subway tile backsplash and handcrafted wood shelves. The spacious great room has vaulted ceilings, a cozy wood-burning fireplace, and abundant natural light create a bright, open atmosphere. The home offers both an eat-in kitchen and a formal dining area, with the master bedroom conveniently located on the main floor. The master suite has been remodeled, with a sunken standalone tub, a double granite vanity, a custom-tiled shower, and tiled flooring. A half-bath and a large utility room with shelving and a utility sink complete the main level. Upstairs, you'll find three additional bedrooms and a full bath, with one oversized bedroom offering flexibility as a game room, office, or additional living space. The staircase has been beautifully refinished with stained wood, adding to the home's charm. Outside, enjoy a decorative fenced backyard with both front and back patios, perfect for entertaining. The property is equipped with a sprinkler system on a well, and a majestic oak tree provides natural privacy. Located on a quiet cul-de-sac across the street from the sound, this home is part of a community that offers deeded water access and a dock for fishing. Don't miss this unique opportunity!
Source: PENSACOLA #652640
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #652640
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.
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: #652640