1911 E Mallory St Pensacola, FL 32503
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About this home
OPEN HOUSE THIS SATURDAY 12-2PM. Charming English Tudor Cottage in Coveted East Hill Nestled just a few houses from the scenic Bayview Park, this beautifully updated English Tudor cottage sits in the heart of desirable East Hill. Recently Added, a NEW Roof (30 Year Warranty), newer HVAC, new HW Heater, and the installation of hurricane clips for extra peace of mind. Bayview Park offers an array of amenities including walking trails, tennis courts, fishing piers, a boat launch, playgrounds, picnic spots, and a vibrant Community Center with bike, paddleboard, and kayak rentals. For pet lovers, there’s even a dog beach and a fenced-in dog play area. Inside, the home exudes timeless character with stunning hardwood floors, graceful archways, and classic architectural details. The living room flows effortlessly into the formal dining space, creating a perfect layout for both everyday living and entertaining. Thoughtful updates throughout the home include all-new electrical wiring, a fully remodeled kitchen, new flooring, and a newer HVAC system with updated ductwork. A newly added den, master bedroom, and ensuite bath enhance the layout—plus, the den offers a serene view of the backyard. The spacious master suite features a double-door closet, a spa-like bathroom with a large tiled shower and solid surface vanity, tile flooring, and a second closet that houses a stackable washer and dryer (included). High ceilings, elegant crown molding, and picture frame accents add to the home's distinctive charm. The backyard offers an open patio perfect for entertaining, along with a convenient yard building for storage.
Source: PENSACOLA #650580
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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.