Beautifully maintained pool home located on a quiet cul-de-sac in the highly sought-after Southwoods community of Pensacola. Offering 3,308 square feet of living space plus a two-car garage, this spacious residence combines comfort, functionality, and exceptional entertaining space. Major updates provide peace of mind, including a new roof (2021), pool liner (2021), water heater (2022), HVAC system (2023), and salt cell for the saltwater pool (2025). The flexible floor plan features four bedrooms plus a bonus room that could easily serve as a fifth bedroom, home gym, media room, or home office. Two separate living rooms provide plenty of space for both everyday living and entertaining. The oversized kitchen is designed to be the heart of the home, featuring leather-surfaced granite countertops, a center island, abundant cabinetry, and a four-person hop-up breakfast bar. The kitchen is also plumbed for a gas stove. Just off the kitchen is a formal dining room, perfect for hosting family gatherings and special occasions. The main living area showcases vaulted ceilings and a beautiful fireplace that is currently gas-burning but can also accommodate wood-burning use. An oversized laundry room and nearby half bath add convenience and functionality. One of the home's standout features is the fully finished Florida Room, seamlessly connected to the home's central heating and air system, creating year-round living space overlooking the backyard retreat. Step outside to enjoy the easy-maintenance saltwater pool, circular driveway, and backyard gas connection ready for a future outdoor kitchen, grill, or fire feature. Conveniently located approximately one mile from Publix and just minutes from shopping, dining, N.A.S Pensacola, and the Gulf Coast's beautiful white-sand beaches. This Southwoods home offers the space, updates, and lifestyle you're searching for. Contact us today to schedule a private showing.
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.
