311 Tonawanda Dr Pensacola, FL 32506
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About this home
Welcome to this beautifully updated pool home that combines historic charm with modern comfort! Built in 1958, this property offers upgrades galore including a new roof (2025), new HVAC (2025), and a fenced pool with a brand-new liner and skimmer motor. See the full features list in the MLS docs.. Inside, the home feels fresh and inviting with wide plank LVP flooring, neutral paint, new baseboards, crown molding, interior doors, and updated windows complete with hurricane shutters. The open living and dining area welcomes you upon entry, creating a bright and functional gathering space. The primary bedroom is tucked just off the living room, sharing a hallway with one additional bedroom, and features a newly built en-suite bathroom. Off the dining area, the kitchen has been fully redone w ith brand-new GE stainless steel appliances, a gas range, butcher block countertops, new cabinetry, and a modern sink. Just beyond, a large bonus room offers versatile living optionswhether you need a second family room, home office, or flex space. From there, two more bedrooms and a full bathroom provide convenience for family or guests. All bathrooms have been refreshed with new vanities, sinks, and toilets, ensuring move in ready ease. Step outside to enjoy the fenced pool and a spacious backyard! Perfect for gardening, entertaining, or simply relaxing, the backyard provides space for all activities. Centrally located in Pensacola just off Cervantes, this home is near Sherwood Elementary, only 9 miles from NAS Pensacola and 6 miles from downtown Palafox. With thoughtful updates throughout and timeless character preserved, this property is truly the best of both worlds!
Source: EMERALDCOAST #986171
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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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