2626 Tinosa Cir Pensacola, FL 32526
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About this home
OPEN HOUSE 10/18 9AM-12 PM Coffee and Donuts. Welcome to 2626 Tinosa Circle, South Gulf Manor If you haven't been through this neighborhood I this you will be surprised. The neighbors do a great job keeping this neighborhood super nice. New paved roads! 3 Beds | 2 Baths | 2 car garage, Great Investor or DIY Opportunity Discover the potential of this 3-bedroom, 2-bathroom home nestled in the established South Gulf Manor subdivision. This home offering a fantastic opportunity for investors, flippers, or buyers looking to customize their next home. Priced to sell. Roof and windows replaced 10/2021. AC and water heater were replace. The home features a spacious layout with a heated and cooled enclosed lanai. Functional kitchen space, and a generously sized backyard perfect for outdoor living or expansion. With some TLC and vision, this property can truly shine. Updated Primary bed and bath just updated painted and new shower and lighting and Carpet. Conveniently located near schools, shopping, and major roadways, 2626 Tinosa Circle offers solid bones in a desirable neighborhood. House has a Generator and a plug in not sure it is working. Seller is in the process of removing wall paper and updating primary bedroom and shower. Cleaned and replaced primary bedroom carpet Whether you're looking to renovate and flip, build equity, or create your dream home from the ground up — this property has the potential to be a rewarding project. Schedule your showing today and imagine the possibilities!
Source: PENSACOLA #667399
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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.