5452 Regents Ave, Pensacola, FL 32526
3 beds · 2 baths · 1,792 sqft sqft
Welcome to your new home sweet home! This beautifully maintained 1999 double-wide mobile home boasts 1,792 square feet of inviting living space, nestled on two expansive lots totaling 0.22 acres. As you enter, you’ll be greeted by a bright and open floor plan designed for both relaxation and entertainment. Enjoy the flexibility of multiple living areas, ideal for family gatherings or cozy evenings in. The kitchen is a chef’s dream with ample counter space and cabinetry, ready to accommodate all your culinary adventures. Step outside and discover your personal paradise. The spacious deck is perfect for outdoor dining, lounging, or hosting memorable barbecues with loved ones. Cool off in the above-ground pool on sunny days or unwind in your serene, fenced backyard—ideal for children and pets to play freely. This property seamlessly combines comfort, space, and outdoor enjoyment. Don’t miss the chance to call this delightful home your own!
Source: PENSACOLA #647353
Source: PENSACOLA #647353
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #647353
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.