7966 Castle Pointe Way, Pensacola, FL 32506
3 beds · 2 baths · 2,421 sqft sqft
Crown Pointe Gem! This 3-bedroom, 2 bath split offers plenty of open space, -including an office that could be used for a guest bedroom while providing generous privacy. This beautiful brick home offers plenty of parking, including a full-size 2-car attached garage. The fenced-in backyard provides a serene place to enjoy the natural preserve just outside the fence line. The screened-in sunroom provides shade making it easy to enjoy the outdoors. The quiet and well-maintained neighborhood is a great place to live whether starting a family, or empty nesters. The flooring in this home has been replaced with new tile throughout. The main bedroom offers trey ceilings and plenty of lighting. The ensuite offers a jetted soaking tub with a separate shower, as well as a jack-and-jill sink. The house has been painted with neutral tones, including the solid wood cabinetry in the kitchen and bathrooms. This house offers plenty of space for entertaining. The home is designed with an open space concept offering an open kitchen with a countertop bar that backs up to the dining area. The spacious family room is a great place to sit back and unwind after a long day at work or play. During the cooler months, relax by the wood-burning fireplace! This beautiful brick home offers plenty of parking. Many upgrades, including a new roof, Generac full-house generator, hurricane shutters, new smart home Trane heating a cooling system (heat pump), irrigation system (front and back of home), landscaping, new front door coded entry door handle, all new kitchen name-brand appliances, new sink faucets throughout the house, and new shower heads, new modern door knobs, new, upgraded ceiling fans and light fixtures, and so much more! A short drive to the beautiful Perdido Key beaches, an easy commute to area military bases, including NAS, downtown Pensacola, and the eastern parts of Alabama.
Source: PENSACOLA #653075
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #653075
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: #653075
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.