COMING SOON!! Welcome home to this solid brick beauty that's ready to impress with NO HOA AND A 14 GALLON SALTWATER GUNITE POOL WITH A NEWER HEAT PUMP!! With three bedrooms, two bathrooms, and over 2,200 square feet of living space, this place has room to stretch out and then some. Inside, you'll notice the high ceilings and fresh paint right away. The luxury vinyl plank flooring and tile runs throughout the home — no carpet anywhere — giving it a clean, modern vibe that's easy on the eyes and even easier to maintain. The kitchen features granite counters, stainless steel appliances including a gas stove, and an eat-in area perfect for casual mornings. When company comes over, the separate dining area has you covered for those fancier occasions. The primary bedroom is a true retreat with a separate stand up shower and garden tub in the updated bathroom. New light fixtures throughout the home add a polished finishing touch. Now let's talk about the backyard, because this is where things get really fun. A gorgeous gunite pool with pavers sits behind a privacy fence, a gas line for your firepit and the enclosed sunroom with a hot tub means relaxation is basically your new favorite hobby. The two-car garage gives you plenty of room for vehicles and all the pool floats you're about to collect. This home also has a front and back sprinkler system to help keep your grass green! Cozy up by the fireplace on cooler evenings, and enjoy the convenience of being located near Bailey Middle School. Treasure Hill Park, shopping at Publix, and Naval Air Station Pensacola are all a short drive away. No homeowners association fees either. Updates to include: Flooring and baseboard trim in 2021, fresh paint 2026, light fixtures 2022, guest bath renovation 2023, painted kitchen cabinets 2023, added backyard irrigation 2023, removed bushes and sodded in back 2023, window sealant 2025 and new sand/refinished patio in 2026. COME CHECK IT OUT!!
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
