3480 Red Ryder Ln Milton, FL 32571
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About this home
Beautiful all-brick custom home featuring 4 bedrooms and 3 full baths with a custom Florida room and two enclosed shops/barns on 5 fully fenced acres in Pace, Florida! Built in 2017, this property showcases high-end finishes inside and out with thoughtful upgrades throughout. Inside you’ll find an open, split floor plan with tile flooring in main areas and LVP in the bedrooms and office. The home features plantation shutters across the front, a dining area with wood accent wall, chair railing and trimmed windows, and an electric brick fireplace that creates a warm focal point in the living room. The kitchen includes granite countertops, soft-close drawers, a spacious pantry, and tile backsplash. The hallway includes a full bath with a nearby bedroom and built-ins in the closet. Three-way split layout offers two additional bedrooms and full baths on the opposite side of the living area. The master suite includes custom built-ins, a large walk-in tile shower with glass enclosure, and a drop-in soaking tub. Additional features include a hard-wired security system, all-electric utilities, and an enclosed Florida room with mini-split for year-round comfort. Outside you’ll find beautiful acreage and multiple functional outbuildings. The former horse barn (20x48) is insulated and equipped with power, water, and a mini-split A/C. The detached shop (30x24) includes power and water, plus an additional 30x24 covered carport for parking. Concrete work, gutters, and epoxy finishes were professionally completed by Ninja Coating. Property also includes irrigation, both well and city water access. This one checks every box—custom, turn-key, private, and ready to enjoy. Conveniently located just 5 minutes to Publix and 20 minutes to Pensacola—tucked away, yet close to town and amenities!
Source: PENSACOLA #672331
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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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