7868 Whiting Field Cir, Milton, FL 32570
3 beds · 2 baths · 1,278 sqft
Looking for the perfect blend of country side living with convenient city access? Look no further than this updated mobile home set on a 4.23-acre parcel just outside of Whiting Field Air Force Base. The majority of the land is cleared, providing ample space for your dreams to take root. Step inside this modern three-bedroom, two-bathroom home to discover recent updates including new floors, fresh paint, and all new appliances. The open concept split floor plan seamlessly connects the living room, dining room, and kitchen, creating a spacious and inviting atmosphere. The living room boasts a cozy wood-burning fireplace, while two guest bedrooms and a full bathroom offer comfortable accommodations. Just off the kitchen and dining area, you'll find the master bedroom with a, spacious master bathroom. The laundry utility room opens to a small deck, perfect for enjoying the peaceful surroundings. A new roof was installed in 2023, and the HVAC system was updated in 2022, ensuring comfort and peace of mind. The possibilities for this property are endless, whether you're looking to homestead, start a hobby farm, or simply enjoy the tranquility of country side living. With parks, the Blackwater River, shopping centers, downtown Milton, I-10 access and other amenities nearby, this location truly offers the best of both worlds.
Source: PENSACOLA #653532
Financials
Source: PENSACOLA #653532
Source: Public records
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%. 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.
Other resourcesWhat 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.
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