One-of-a-kind estate home on 3.5 acres, elevated high on a hill and overlooking Quintette Rd! Ideally located w/convenient access to Naval Air Station Whiting Field, Pensacola International Airport, Blackwater River State Forest, and the area's newest Publix and Walmart.This commanding property offers something for everyone, with the true showpiece being the massive 2,000+ sq ft fully enclosed saltwater pool area, complete with slip-resistant soft rock surfacing. Designed for entertaining, this space features 4 sliding glass door access points, an outdoor kitchen, multiple seating areas, outdoor shower, and serene views of the expansive backyard. The grounds are equally impressive, offering producing fruit trees (with dedicated irrigation zones), raised garden beds, a storage shed with additional covered parking. The property is fenced on 3 sides and additionally has an invisible fence system that can easily be reactivated for pet owners. The parcel is complemented by a natural buffer for added privacy. Energy efficiency meets peace of mind with a ground-mounted solar array that conveys at no cost to the buyer--strategically positioned for optimal sun exposure with zero roof impact. A whole-house Generac generator with dedicated circuit breaker is also included, providing reliable backup power during storm season. Inside, the home was thoughtfully designed by its original owner (a local custom builder) who created this residence as his personal retreat. The floor plan flows effortlessly for both everyday living and entertaining, offering two spacious living areas, 3 bedrooms with large office space, and 3 full bathrooms, and 1 1/2 bath. Built with 2x6 exterior walls and soaring ceiling heights ranging from 10 to 14 feet, the home lives even larger than its already generous 3,200+ square feet. At the heart of the home, the chef's kitchen features professionally epoxied countertops, real wood cabinetry, a walk-in pantry, double ovens, beverage refrigerator, prep sink, and gas cooktop-all perfectly positioned to connect with the main living spaces. The oversized primary suite is a true retreat, complete with a private sitting area overlooking the backyard oasis. With countless upgrades and thoughtful details throughout, this is a property you truly need to experience in person. Private showings only to pre-approved Buyers. Schedule your private tour 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.
