Tucked beneath mature trees in an established Pensacola neighborhood, this inviting pool home offers space, character, and indoor-outdoor living designed for everyday comfort and entertaining. A charming front elevation with well-maintained landscaping and a welcoming entry courtyard sets the tone from the moment you arrive. Inside, the home opens to a spacious living area with vaulted ceilings, tile flooring throughout the main living spaces, and abundant natural light. Multiple sliding glass doors and large windows create a seamless connection to the screened pool enclosure, making the home feel bright and open. The layout offers flexibility with generous living and dining areas, perfect for gatherings or relaxed daily living. The kitchen features ample cabinetry, a center island, stainless steel appliances, and plenty of counter space, all positioned to overlook the main living areas—ideal for entertaining while staying connected. Just off the kitchen, a dedicated laundry room provides additional storage and functionality. The primary suite offers a peaceful retreat with direct access to the pool area and a spacious en suite bathroom. The bath includes a soaking tub, separate shower with glass block detailing, dual vanities, and abundant storage, creating a spa-like feel. Additional bedrooms are well-sized and thoughtfully positioned to provide privacy for family or guests. Out back, the screened-in pool area is the true highlight—an expansive space designed for Florida living. Whether enjoying morning coffee, hosting weekend cookouts, or relaxing poolside, the enclosure provides year-round usability. A fenced backyard adds privacy and security, while the covered areas offer shade and versatility. Located just minutes from shopping, dining, golf, and Pensacola’s white-sand beaches, 2300 Caddy Shack Drive combines comfort, space, and location in one complete package. This is a home designed to be lived in and enjoyed—inside and 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.
