1976 Bay Pine Cir Gulf Breeze, FL 32563
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About this home
The perfect family home that is move in ready! Welcome to your own piece of paradise in the Bay Pines subdivision of Gulf Breeze, FL. This home has a great floor plan that is spacious, and open. The kitchen has tons of storage and counter space as well as a pantry for extra storage. The master suite has a large garden tub with separate shower. There is a double vanity and walk in closet. The large back yard has a privacy fence and backs up to a wooded area for added privacy. Shed in the back as well for your outdoor equipment. The neighborhood is centrally located off Hwy 98 and East Bay Blvd., between Pensacola and Ft. Walton Beach. Ten minute drive to beautiful Navarre Beach, with white sandy beaches and emerald blue water. Five minutes away from the Gulf Breeze Zoo. Fifteen minutes to Pensacola Beach. Take family bike rides in the evenings, or early morning jogs with your dog down the paved walking path that follows East Bay Blvd. Just minutes from Woodlawn Beach Boat Ramp, and Soundside Beach as well. Bay Pines is a quiet and friendly community, and this home is a prime example of coastal living at its very best. Come and see for yourself!
Source: EMERALDCOAST #984236
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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.