OPEN HOUSE - Saturday, 4/18/2026, 11AM-1PM* Welcome to this stunning two-story home, boasting over 4,000 sq. ft. of luxurious living space, in one of the most beautiful neighborhoods in Pensacola. From the moment you step inside, you’ll be captivated by the open and inviting layout, perfect for entertaining or everyday living. The living room is a true showstopper, featuring a gas fireplace flanked by built-in storage and bookcases, seamlessly connecting to the heart of the home, the kitchen. The Kitchen is a chef’s dream, offering abundant cabinet and storage space, a large island with cooktop, a built-in desk area, a wall oven, and a breakfast nook filled with natural light. Nearby, the laundry room is functional and spacious, with a sink, folding area and plenty of storage. For formal occasions, enjoy the formal dining room, while the office/study, adorned with double glass and plantation shutters, provides a quiet retreat for work. The primary bedroom suite is on the first floor, offering a private and peaceful sanctuary with recessed lighting and ample natural light. The ensuite bathroom features dual vanities with ample storage, a large soaking tub, a separate tiled shower, two expansive walk–in closets with custom shelving, and a water closet. A convenient half bath is also located on the main floor. Heading up the beautiful staircase, you’ll find three generously sized bedrooms and a versatile bonus room. Two bedrooms share a Jack and Jill bathroom, while the third has a private ensuite bathroom. The bonus room provides endless possibilities as an additional family room, bedroom, or hobby space. This home is complete with a three car garage, a circular driveway, and a whole-house generator for peace of mind. Outside, the backyard is a serene oasis with beautiful trees, lush landscaping, and a privacy fence. Relax on the screened patio with a summer kitchen, perfect for outdoor entertaining. Make it yours today!
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.
