3440 Riverside Dr Pensacola, FL 32514
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About this home
**BRAND NEW ROOF**Welcome to this beautifully updated 4-bedroom, 2-bathroom home, that has been refreshed with new paint throughout & new carpeting in the bedrooms. With a thoughtfully designed layout, this residence offers both comfort and functionality, making it ideal for families or those looking for extra space. Upon entering, you are greeted by an inviting living area boasting vaulted ceilings that enhance the sense of space. This area seamlessly flows into the fully updated kitchen, complete with modern stainless-steel appliances, a large island for additional seating, and elegant tile backsplash that adds a contemporary touch. The newer cabinets, adorned with stylish hardware, provide ample storage for all your culinary needs. The home features four spacious bedrooms, including a large master bedroom that stands out with its two walk-in closets, offering generous storage. The updated ensuite bathroom is equipped with a new vanity and a walk-in shower, creating a private oasis for relaxation. One of the unique aspects of this property is the converted garage that can serve as a 4th bedroom, which offers flexibility for various living arrangements or serves as a perfect guest suite. Adjacent to this is a sizeable laundry room, which can be converted into a large walk in closet for the fourth bedroom, ensuring that household tasks are efficient and convenient. Step outside to the fenced in backyard directly accessible from the master bedroom. This serene outdoor space provides ample space for your kids and pets to play, ideal for gatherings or simply enjoying a quiet moment. Additionally, a shed in the backyard offers extra storage for tools and outdoor equipment. This home is a blend of modern conveniences and traditional charm. Experience comfortable living in this beautifully upgraded home, perfect for anyone looking to make lasting memories. Don’t miss the opportunity to make this exceptional property your own!
Source: PENSACOLA #669953
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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.