Welcome to your dream home! Open House Sat and Sun, 11-1! This stunning 5-bedroom, 3-bath, single-story pool retreat offers over 3,000 square feet of thoughtfully designed living space in one of Cantonment’s most desirable upscale neighborhoods, just minutes north of Pensacola. Step through the grand entryway and feel the elegance immediately. To your left, a formal dining room awaits for memorable gatherings, while to your right, a versatile flex space offers endless possibilities—perfect for a home office, cozy sitting area, or playroom. The home’s smart split floor plan ensures both functionality and privacy. Off the foyer, the right wing features two spacious bedrooms and a full bath—ideal for guests or family. At the heart of the home, the expansive living room impresses with double tray ceilings, recessed lighting, and abundant natural light, creating a warm, inviting atmosphere. This space flows seamlessly into the dining area and chef-inspired kitchen, boasting granite countertops, stainless steel appliances, soft-close cabinetry, a breakfast bar, and generous workspace—perfect for everyday living and entertaining. The left rear wing offers two additional bedrooms and another full bath, while the private primary suite, tucked away at the back right, is a true sanctuary. Enjoy tray ceilings, recessed lighting, and a spa-like en-suite bath featuring double granite vanities, a walk-in shower, and a separate garden tub for ultimate relaxation. Step outside from either the living room or primary suite to your covered patio, ideal for alfresco dining or lounging. Beyond, discover your own backyard oasis—a Gunite saltwater pool with three cascading waterfalls, creating a serene escape for Florida living at its finest. This exceptional home combines space, style, and sophistication in a prime location—offering peaceful living with convenient access to Pensacola’s shopping, dining, and beaches. Don’t miss the opportunity to make this show-stopping property 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.
