8829 Marsh Elder Dr, Pensacola, FL 32526
5 beds · 3 baths · 2,995 sqft
Welcome to this impeccable 5-bedroom, 3-bath home nestled in the coveted gated community of Nature Trail. Boasting charming curb appeal and a move-in-ready status, this residence features a spacious double split floor plan and a soothing neutral color palette throughout. Step inside to discover tile flooring in all wet areas and a generous great room accentuated by a trey ceiling and a cozy gas fireplace, perfect for gatherings. The gourmet kitchen is a chef's delight with granite counters, ample espresso-colored cabinets, stainless steel appliances including a gas stove, and a sizable walk-in pantry. The primary suite is a retreat unto itself, offering a large bedroom with plush carpet and a trey ceiling. The luxurious primary bath is appointed with double vanities, granite counters, a relaxing garden tub, a separate walk-in shower, a private water closet, and a substantial walk-in closet complete with built-in wardrobes. Additional bedrooms are generously sized and feature large closets, ensuring comfort for family and guests alike. Outside, the backyard oasis beckons with a covered patio and mature trees, ideal for outdoor entertaining and relaxation. Nature Trail community amenities include a sparkling pool, tennis courts, an exercise room, and much more, enhancing the quality of life in this exclusive neighborhood. Don't miss the opportunity to make this exceptional property your new home!
Source: PENSACOLA #649593
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #649593
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: #649593
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.