969 Jacobs Way, Cantonment, FL 32533
5 beds · 3 baths · 2,556 sqft
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ASSUMABLE VA MORTGAGE 2.9%!!! PRICE IMPROVEMENT on this home nestled amidst the serene Community of Cantonment, Florida. This 3 years young - 2-story home offers the convenience of location - in between the Cantonment Sportsplex and the local Park - which has a dog park. Step inside to be greeted by a large hallway with bright and airy office to your right and large greatroom and open kitchen overlooking the back yard, perfect for entertaining guests or simply relaxing after a long day. The kitchen is a chef's dream, featuring stainless steel appliances, granite countertops, island, HUGE pantry, granite countertops and ample cabinet space for all your culinary needs. Whether you're whipping up a quick meal or hosting a dinner party, this kitchen has everything you need. The downstairs bedroom is adjacent to a full bath offering great space for guests and then upstairs, you'll find 4 private bedrooms and 2 additional bathrooms. The large main suite is at the top of the stairs and the en-suite bath features 2 large closets, double vanity and large shower. The additional 3 bedrooms are ample size and there is a large loft or Flex room that is in the center at the top of the stairs - could be a game room, rumpus room or even 2nd office. Step outside to the deck which looks out over the large fenced in backyard and green space behind - adding to the privacy. Solar panels allow for an average electric bill of about $100 per month too! This home is situated in a highly desirable neighborhood, offering easy access to schools, parks, shopping centers, and major highways. Whether you're a growing family, a retired couple, or simply looking for a peaceful retreat, this 2-story home in Cantonment offers everything you could desire. Schedule a viewing today! Ask about Seller Concessions and help with rate buy down or the VA Assumption.
Source: PENSACOLA #654309
All values shown are estimated costs / mo.
Source: Public records
Source: PENSACOLA #654309
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.