1161 Sawgrass Dr Gulf Breeze, FL 32563
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About this home
BEST VALUE ON THE WATER AT LESS THAN $250 SQ/FT. A private oasis in the Tiger Point Golf Community with epic sunset views across the Santa Rosa Sound. Sawgrass features a gunite, in-ground community swimming pool, private dock and is surrounded by golf course #6 hole. This beautiful 5 bedroom, 4 bathroom home boasts an open living area with spectacular views of the bayou and sound, large kitchen with custom cabinetry, granite counter top, wall oven, and island bar seating. There is a dumbwaiter convenient for delivering items from the ground to living level. This home also features a mother-in-law suite with kitchenette, laundry, full bath and separate entrance on the ground level. The large, newly renovated master bath with views of the sound will be another spectacular room to spend time in. Travel higher up the spiral staircase onto the eagle's nest panoramic views. Updates include new UV light in HVAC, ADT touch screen/remote access security system, and New paint and carpet in bedrooms. Other features to note are your private pier access with 2 jet ski floating docks, ready for your crafts to take you in minutes from residential bliss to Pensacola Beach fun, dining or Gulf Islands National Seashore coastal cruising. This corner- lot stucco home is zoned for grade A public schools, world class healthcare, shopping, dining, churches and ball fields, all accessible by car, bike or golf cart legal streets. This home is beautiful, unique and ready for your private tour.
Source: PENSACOLA #669854
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.