8402 Foxtail Loop, Pensacola, FL 32526
5 beds · 3 baths · 3,929 sqft
GET READY TO FALL IN LOVE! This STUNNING Estate situated on the Nature Trail conservancy greenbelt and has received a breathtaking designer update! Beautiful new light fixtures, paint to the ceilings, walls, trim and doors accentuates the details of the soaring 21 foot ceilings in the formal dining room as well as the large stone gas fireplace and wall of windows in the family room. The kitchen also received an update with fresh cabinetry, quartz counter tops, tile backsplash, light fixtures, plumbing fixtures and cabinet hardware that compliments the exiting appliance package which includes a Miele coffee system, warming drawer dual fuel range with double ovens and trash compactor. Conveniently located on the first floor is a Study, Master Bedroom and beautiful ensuite with double granite vanities, soaking tub and separate large tiled shower and large walk-in California-style closet. There is also a Secondary Bedroom and full bath. The second story provides a large sitting area, 2 additional bedrooms with shared full bath and Media Room which could also serve as a 5th bedroom. Additional updates to the second floor include new hardwood to stairs and all bedrooms. The porches off of the master and kitchen have also been screened to enjoy year-round. The yard received fresh landscaping and new stone firepit area which enhanced the beautiful flagstone and Gunite pool and spa. The redesign of the 20x12 detached garage with covered patio now serves as a pool house and is HEATED and COOLED with custom cabinetry, counter tops, bar, mini fridge and sitting area. In addition to all of the updates there is also a new WHOLE HOUSE GENERATOR. Take advantage of all that the community has to offer including sidewalks, community center, fitness center, tennis/pickleball courts, hiking trails, fishing pond and year-round events.
Source: PENSACOLA #655657
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #655657
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: #655657
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.