7691 Petersen Point Rd, Milton, FL 32583
3 beds · 3 baths · 1,584 sqft
Discover your dream retreat with this stunning waterfront home offering 80' of pristine frontage on Blackwater Bay. Enjoy breathtaking views and amazing sunsets from the comfort of home or your outdoor living spaces, perfect for entertaining or relaxing. Pride of ownership is evident in every detail of this well-maintained home. From the gleaming hardwood floors to the thoughtfully designed outdoor areas, this property has been lovingly cared for and upgraded to enhance both comfort and style. The outdoor amenities are a boater and angler’s paradise, featuring a fixed dock with flow through decking and boatlift for effortless water access. A strategically placed green light on the dock attracts a variety of fish, including redfish, black drum, speckled trout, and striped bass, creating endless opportunities for memorable fishing experiences. The bay is also a haven for wildlife enthusiasts, frequently visited by playful dolphins and even the occasional manatee. This property also boasts a newly paved hearth and seating area, ideal for gatherings, along with a large, well-maintained above-ground pool. Surrounded by a spacious deck, the pool area creates a perfect spot for summer fun and relaxing while enjoying the serene waterfront views. The interior includes hardwood floors in the main living area and two bedrooms, complemented by newer carpet in one additional room. Modern conveniences abound with an enclosed elevator, a flexible laundry setup (upstairs or downstairs), and newer appliances, including a gas stove. A durable metal roof and spacious 3-car garage add to the home's functionality and appeal. Whether you're sipping your morning coffee with a view, enjoying waterfront wildlife, or hosting sunset soirees, this home offers an unparalleled lifestyle. Don’t miss your chance to own a slice of paradise on Blackwater Bay!
Source: PENSACOLA #655936
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #655936
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: #655936
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.