3549 Bauer Field Rd Pensacola, FL 32506
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About this home
Welcome to this spacious 2-story Coastal Brick single-family home full of potential, charm and a sunroom to enjoy the Florida sunshine. Great Investment opportunity for short and long term rentals. NO HOA or community fees, enjoy the freedom to make this property truly your own without restrictive covenants or added costs. Built in 2000 and New Roof added in 2021, this home features an open and airy floor plan, for families seeking comfort, space, and flexibility for entertaining or relaxing. The spacious primary suite encompasses the second floor with an ensuite and sitting area. While the home does need some updates and TLC, it’s a fantastic canvas for those looking to personalize and create their dream home. This property can also accommodate boat parking and is conveniently located minutes from the Lillian Boat Launch and near the sugar white Gulf Coast Beaches and an array of impressive amenities and attractions that make this area both convenient and desirable. Nature lovers will appreciate Big Lagoon State Park and Perdido Key State Park, with white-sand beaches, kayaking, hiking trails, and birdwatching for endless outdoor enjoyment. For military families and veterans, the home is ideally situated close to the VA Hospital and Naval Air Station Pensacola, which also features the world-renowned National Naval Aviation Museum and access to quiet beaches like Barrancas and Ski Beach. Downtown Pensacola is just a short drive and offers a vibrant mix of dining, shopping, art galleries, historic sites, and entertainment venues. The area is also home to Fort Pickens and the Pensacola Lighthouse, with unforgettable Gulf views. Local shopping centers, grocery stores, restaurants, and community services are all within easy reach, and the nearby beaches of Perdido Key and Pensacola provide spots for relaxing or water sports. Whether you're looking for nature, history, convenience, or coastal beauty, this location offers the best of the Gulf Coast lifestyle.
Source: PENSACOLA #671581
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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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