3224 Highway 4 Jay, FL 32565
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About this home
Escape to your own private retreat with this well-maintained home nestled on over 3 acres in a peaceful country setting—away from the hustle and bustle of everyday life. This spacious residence offers both a formal living room and a cozy den, perfect for entertaining guests or enjoying family time. The oversized, climate-controlled Florida room is bathed in natural light, providing the ideal space to relax and unwind throughout the day. The kitchen boasts ample counter space, plenty of storage, and newer appliances—all of which convey with the home—making meal prep a breeze. The home’s open flow creates a warm and inviting atmosphere for gatherings, allowing family and friends to enjoy each space without feeling separated. Step outside and discover even more to love. The expansive backyard is perfect for children to play and for hosting cookouts in the covered outdoor kitchen area—keeping you dry on rainy days or shaded during the summer heat. The oversized barn offers endless possibilities with multiple rooms that can be customized for your needs: stables, storage for recreational toys, a workshop, man cave, she-shed, or whatever your imagination allows. A full-home gas generator adds peace of mind, ensuring you’re always prepared. This property is truly a dream come true with endless opportunities to create the lifestyle you’ve been looking for!
Source: PENSACOLA #668068
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.