VA loan
1 of 44
VA loan
$535,000

953 Vestavia Way, Gulf Breeze, FL 32563

4 beds · 3 baths · 2,404 sqft

This exceptional custom-built POOL home is situated in the highly sought-after Gulf Breeze School District, zoned for all three Gulf Breeze Proper schools. The property offers a private backyard oasis, featuring a screened-in, heated saltwater gunite pool that overlooks the National Seashore. The pool area flows effortlessly from the spacious family room and is complemented by a full outdoor kitchen, complete with a sink—ideal for both entertaining and enjoying the outdoors. The home offers 4 generously sized bedrooms and 2.5 baths, with a thoughtfully designed split floor plan perfect for family living and hosting guests. The living/dining room features custom-built wall cabinets, creating a sophisticated atmosphere. An additional living area, located just off the kitchen, boasts vaulted ceilings and a cozy fireplace. The master suite is a true retreat, with a walk-in closet, jetted tub, and separate shower. The primary bedroom also has direct access to the screened pool area, effortlessly blending indoor and outdoor living. Additional highlights include a 2021 roof, jetted tub in master and guest bathroom, central vacuum system throughout and an energy-efficient geothermal hot water heater. The exterior of the home includes a shed and a charming playhouse, offering extra storage or a delightful space for children. This home seamlessly combines comfort, style, and practicality, making it the perfect haven for those who enjoy entertaining and the Gulf Breeze lifestyle!

Estimated
Seller's interest rate
2.375%
7%
Estimated
Principal & interest
$1,731/mo.
$2,799
You may also save up to $331,210 in total interest paid.
Listing price
$535,000

Your cash down payment
$134,131
Seller’s estimated current equity is $134,131
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,731 monthly payment

Financed
$400,868
Assumed mortgage 2.375% • Seller's rate
$400,868
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Location
Details
Home
Size
2,404 sqft
Lot size
0.3 acres
Year built
1989
Type
Single Family Residence
HOA dues
$3.75

Source: PENSACOLA #656330

Loan
Remaining term
25 yrs and 10 mos
Rate
2.375%
Monthly P&I
$1,731
Remaining loan balance
$400,868

Source: Public records

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%. 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.

Other resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Mar 08, 2025 01:51 am
Listing agent: Sherlyn Waghalter (850) 449-4242
Listing provided courtesy of: Berkshire Hathaway Home Services PenFed Realty (850) 932-6278
Details provided by PENSACOLA and may not match the public record.
MLS ID: #656330
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Pensacola Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Roam Brokerage, LLC are governed by the PAR Rules and Regulations and detailed information about them includes the name of the listing companies. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. Copyright © 2025 Pensacola Association of REALTORS®, Inc. All Rights Reserved.
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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,731/mo
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