** Gorgeous, Move-In Ready 4 bedroom, 3 full-bath beauty sits in one of Pensacola’s most beloved neighborhoods - East Hill, just steps from iconic Bayview Park with its public tennis courts, boat launch, dog parks, dog beach, kayaking, paddle boarding, community center, and wide-open green spaces for every kind of fun. Hop over to 12th Ave for your local fix of bakeries, pizza joints, pubs, restaurants, and more—it’s the definition of a walkable (and golf-cart-friendly!) lifestyle. Inside, this home is a perfect blend of classy and cozy. Original white oak floors guide you into an open, airy, fully renovated kitchen boasting a massive center island (bring all the barstools!), gas cooktop, WOLF oven, and WOLF convection microwave, all wrapped in bright shaker style cabinetry and gleaming granite. The kitchen flows seamlessly to the spacious dining area and welcoming living room, complete with a wood-burning fireplace—because ambiance matters. Need room to spread out? You’ve got it—two living areas, including a generous den that opens directly to the pool. The split 4th bedroom (with walk-in closet and bath) makes an ideal guest suite, teen space, or home office. The laundry room is fully equipped with LG front loading washer/dryer set, extra fridge, and tons of storage. Step outside and fall in love with your private resort: a 5.5-ft deep gunite pool with sun shelf (hello, in-pool chaise loungers!), stone paver surround, open patio, and a large fenced yard perfect for gatherings. The pool features an ozone generator, and comes with its own robotic cleaner (Dolphin Liberty 300). Practical perks? You bet: • 2025 Whole-house generator • Sprinkler system • Floored attic with headroom • Oversized 1-car garage with opener • Completely remodeled bathrooms • Tons of storage throughout. This home has a natural flow that feels tailor-made for entertaining and everyday living. Ready for its next chapter—will it be yours?
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.
