3104 Fayal Dr Pensacola, FL 32526
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About this home
Welcome to this captivating 3-bedroom, 2-bathroom residence situated in a tranquil neighborhood of Pensacola. This property showcases modern upgrades & thoughtful features, including the freshly painted interior, making it the perfect place to call home. The exterior boasts a charming facade & a spacious driveway, offering ample parking space. The roof, newly installed in 2021, & the water heater will be replaced prior to closing, not only enhances the home's curb appeal but also provides peace of mind for years to come. One of the standout features of this property is the solar panels, which will be paid off at closing with an acceptable offer, allowing for substantial savings on energy bills. As you step inside, you are greeted by an inviting living space that’s been rewired for enhanced safety & functionality. The family room is equipped with smart lighting & a smart fan, creating a comfortable & adaptable atmosphere for relaxation or entertainment. Notably, a projector in the family room conveys with the property, ideal for movie nights. The kitchen & dining area seamlessly blend together, showcasing a brand-new range hood & a stylish Samsung Bespoke refrigerator. This design is not only aesthetic but also functional, providing maximum convenience for home cooking & gatherings. Retreat to the primary suite which features a spacious closet & an ensuite bathroom complete with a garden tub, offering a private oasis for relaxation. The 2 additional bedrooms are well-sized & versatile, perfect for family, guests, or a home office setup. The backyard is a true highlight, fully fenced for privacy and security. It features a firepit, ideal for evening gatherings, & a shed providing additional storage options. Mature trees offer shade and create a serene outdoor space, perfect for enjoying Florida's beautiful weather. With impact-rated windows and a back door, rated DP-50, you can feel secure in various weather conditions while maintaining energy efficiency.
Source: PENSACOLA #668254
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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.