887 Legacy Oaks Dr, Pensacola, FL 32514
4 beds · 4 baths · 3,271 sqft
Welcome to this magnificent 4-bedroom, 3-bathroom home, situated in the gorgeous community of Legacy Oaks with a serene atmosphere. Home is on a corner lot with a gorgeous elevation, offering lots of privacy. The neighborhood features two small lakes and occasional visits from geese, adding to the charm of the area. Enjoy being just minutes from Baptist Hospital, top restaurants, coffee shops, UWF, schools, and only 15 minutes from NFCU. Upon entering, you'll find a FORMAL DINING ROOM to the right of the foyer and an OFFICE/LIVING ROOM to the left, offering plenty of space for gatherings or quiet relaxation. Spacious GREAT room boasts DOUBLE TREY CEILINGS and a cozy wood-burning FIREPLACE, creating a warm and inviting atmosphere. The heart of the home is the expansive 19 x 14 KITCHEN, complete with a central ISLAND, BREAKFAST BAR, newly finished cabinets, GRANITE countertops, and a WALK-IN PANTRY—perfect for cooking enthusiasts and gatherings. Enjoy the privacy of a SPLIT FLOOR PLAN! The 15.5 x 15 master bedroom features DOUBLE TREY ceilings, while the master bath offers a double vanity with GRANITE countertops and TWO WALK-IN closets for ample storage. The additional bedrooms are generously sized, and each features its own walk-in closet. There is also a massive BONUS ROOM upstairs, measuring 36.5 x 10, complete with its own FULL BATH—ideal for a playroom, home theater, or guest suite. The backyard is perfect for outdoor living, featuring a nice open patio with brick pavers for grilling, all privacy fenced in for your enjoyment. The oversized SIDE ENTRY garage provides plenty of space for your vehicles and storage. This home also boasts gorgeous flooring throughout and brand-new carpet. Also featuring Arch Entrances and Crown Molding throughout the home, adding a touch of elegance and class. Call today for your private showing!
Source: PENSACOLA #655638
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #655638
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: #655638
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.