8501 FOXTAIL LOOP, Pensacola, FL 32526
Welcome to this extraordinary Luxurious property which is an architectural and design masterpiece offering the ultimate in privacy and seclusion for today`s discerning homebuyer. Nestled in Nature Trail, just minutes away from Navy Federal and I10, lies this 4-bedroom, 4.5-bathroom Plus 35x15 BONUS ROOM home offering unparalleled comfort and convenience. Only 20 minutes from Downtown Pensacola, White Sand BEACHES, Cordova Park area and Baptist Hospital. As you approach, a charming stone tile walkway guides you towards the COVERED FRONT PORCH where moments of relaxation await. Stepping inside, you're greeted by a spacious 28 x 20 living room adorned with COFFERED CEILING, setting a tone of openness and elegance that flows seamlessly throughout the residence. Gorgeous PLANTATION SHUTTERS are furnished on every window! Heart of the home, An Expansive Chefs kitchen, boasting a CENTRAL ISLAND and a WRAP-AROUND BREAKFAST BAR, all adorned with sleek GRANITE COUNTERTOPS and featuring a TILE BACKSPLASH, and ALL STAINLESS-STEEL APPLIANCES. A walk-in pantry ensures ample storage space for culinary delights. The MASTER SUITE with COFFERED CEILING, spanning 24 x 16, offers a serene sanctuary complete with a generous WALK-IN CLOSET and a cozy 13 x 11 SITTING AREA, or it can be used as an office. The master bath features an EXTRA-LARGE SHOWER and luxurious SOAKING TUB, promising moments of tranquility and rejuvenation. Three additional bedrooms provide comfort and privacy, with one enjoying its own PRIVATE BATH. Each bath within the home features exquisite GRANITE COUNTERTOPS, with all but one featuring a BIDET, adding a touch of sophistication and modernity. The FLORIDA ROOM features its own GRILL, Refrigerator, and SINK, all accented by GRANITE countertops. 32 x 15 BONUS ROOM, complete with its own PRIVATE BATH, offers endless possibilities for recreation and relaxation. This home features a New 21 x 20 COMPOSITE WOOD DECK, Side Entry OVERSIZED 3 Car Garage and 4 year old Roof!
You may be able to put down less than the total down payment amount of $408,159 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #641875
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.