Welcome to 5567 Jones St, where comfort, convenience and value come together. Situated close to Publix, Target, Home Depot, restaurants, medical facilities and other everyday conveniences, this home offers easy access to everything you need while still providing the space and privacy of an established neighborhood. Inside, the open floor plan is designed for both everyday living and entertaining. Vaulted ceilings, recessed lighting, wood-look flooring and natural light create a bright and inviting atmosphere. The spacious living area flows seamlessly into the kitchen and dining spaces, featuring a breakfast bar, pantry, ample cabinets and a breakfast nook perfect for casual meals and morning coffee. The split-bedroom layout provides privacy for the primary suite, which features a large walk-in closet and private bath. Two additional, generously sized guest bedrooms and a bath are thoughtfully positioned on the opposite side of the home. Major system updates including the HVAC system and water heater provide peace of mind for years to come. Step outside to enjoy the covered back porch overlooking a spacious backyard shaded by mature trees. The fully fenced yard offers plenty of room for pets, play equipment, gardening or outdoor entertaining, while the established trees provide shade and character rarely found in newer developments. The covered porch features a utility sink with running water, adding convenience for gardening projects, pet care and outdoor cleanup. Mature blueberry, satsuma and orange trees provide seasonal fruit harvests. With no HOA, you'll enjoy the freedom to use and enjoy your property without additional fees or restrictions. Located within the highly rated Santa Rosa County School District and minutes from downtown Milton, Whiting Field, local parks and everyday shopping and dining, this move-in ready home offers the ideal combination of location, functionality and value. Call today to make this house your home!
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.
