Perched on the 17th floor of Tower 2, this Portofino “Sky Home” offers a commanding presence above Pensacola Beach with sweeping, unobstructed views of both the Gulf of Mexico and Santa Rosa Sound. From sunrise over the tranquil Sound to sunset across the emerald coastline, the ever-changing water views create a truly elevated coastal experience. Inside, the residence is designed to feel open, refined, and effortlessly livable. A spacious, light-filled living area flows seamlessly to an expansive private balcony, where indoor and outdoor living blend together. Floor-to-ceiling glass captures the natural beauty from nearly every angle, while clean lines and a coastal palette create a relaxed yet sophisticated atmosphere. The kitchen is both functional and inviting, featuring generous cabinetry, solid surface countertops, and a breakfast bar that connects to the main living space—ideal for gathering and entertaining. Tile flooring throughout enhances durability while maintaining a cohesive, upscale aesthetic. The primary suite is a private retreat with direct balcony access and water views, complemented by a well-appointed bath with double vanities, soaking tub, and separate shower. A guest suite with its own bath offers comfort and privacy, while an additional half bath serves the main living area. Portofino Island Resort is synonymous with resort-style living, offering a gated environment with pools, a full fitness and lifestyle center, spa services, tennis facilities, on-site dining, and access to both the Gulf and Sound. Positioned on the quieter east end of Pensacola Beach, it provides a balance of privacy and convenience. This is a rare opportunity to own a high-floor residence in one of the area’s most sought-after coastal communities—ideal for a primary home, refined second residence, or luxury investment. This unit includes TWO deeded parking spaces and an additional storage area.
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.
