2301 Majestic Dr Pensacola, FL 32534
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About this home
Nestled on a quiet cul-de-sac with just two other homes, this custom-built, all-brick residence offers nearly 2,600 sq ft of living space and room to grow. Located in a very desirable North Pensacola area with no thru traffic, a total of only 30 homes in entire community and no HOA. Great room is accented with stunning dark hardwood flooring, recessed lighting, vaulted ceiling & multiple plant ledges with lighting. Heart of home is magnificent kitchen with 40+ cabinets & drawers plus two pantries for the ultimate in storage needs! Ceramic top stove, refrigerator and built in microwave recently upgraded. Center island with seating for 6–8 people. Additional dining space for more traditional table and chairs set-up. 12 x 12 tile in kitchen. Lighting galore with recessed lighting, island pendants and chandelier over the dining area. Door from kitchen leads to screened porch-sure to become your favorite spot of this home! Two ceiling fans keep it comfy most of the year and sounds of singing birds create a relaxing and peaceful retreat.Enjoy a view of producing orange tree as well as a playhouse in the back yard. Lot is around 1/3 of an acre and most of it is backyard. Ideal size for gardening, playing or even adding a pool if you so desire. Playhouse is wired and could be a man cave or a she-shed – whatever you fancy! There are 4 generously sized bedrooms and 3 full baths. Primary suite is at back of home and enjoys access to screened porch. Walk-in closet. Ensuite bath features garden tub and separate shower. Additional bedrooms all have ceiling fans, carpet and great closet space. Study features vaulted ceiling, pocket doors and a view of front porch, and located off foyer and great room. Upscale lighting throughout home – even has receptacles in the eaves for your holiday lighting! All 3 exterior doors are exquisite leaded glass. Truly a value packed home!
Source: PENSACOLA #671602
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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.
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