8535 Cove Ave, Pensacola, FL 32534
4 beds · 2 baths · 1,932 sqft
Welcome to your dream home! Nestled in a serene and peaceful neighborhood on 1.26 acres of lush land, this impeccably renovated 4-bedroom, 2-bathroom residence exudes charm and sophistication at every turn. As you step inside, prepare to be captivated by the seamless fusion of modern luxury and timeless elegance. The heart of the home, the living room, welcomes you with its original restored hardwood floors that exude warmth and character. An exquisite accent wall adds a touch of contemporary flair, setting the tone for the impeccable design found throughout. The fully upgraded eat-in kitchen is a culinary masterpiece, featuring pristine white quartz countertops, sage cabinets adorned with beautiful hardware, and state-of-the-art stainless steel appliances. Illuminated by a timeless Meyda Tiffany stained glass light, the kitchen invites you to savor every meal in style and comfort. Adjacent to the living room, discover a spacious 21x11 studio space, heated and cooled with an energy-efficient mini-split system, offering endless possibilities for creativity and relaxation. The bedrooms boast the same elegant hardwood flooring and generous closet space, providing comfort and tranquility for every member of the household. The owner's suite is a sanctuary unto itself, boasting a walk-in closet and a tranquil bathroom retreat. Indulge in the ultimate relaxation experience with a luxurious double slipper pedestal tub or invigorate your senses with a rejuvenating shower featuring a river rock floor. This home is not only aesthetically pleasing but also thoughtfully upgraded for maximum comfort and efficiency. With new windows installed in February 2021, a new roof in January 2022, HVAC system installed in March 2020, and a water heater added in June 2021, you can rest assured knowing that your home is equipped with the latest in modern conveniences and energy-saving features. Not to mention Solar Panels on this home also!
Source: PENSACOLA #641634
Source: PENSACOLA #641634
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: #641634
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.