359 Tree Swallow Dr Pensacola, FL 32503
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About this home
Assumable VA Loan* Beautiful 3 bedroom and 2 bath all brick home with a two car garage. The home is Move In Ready with new carpet and paint throughout. The living room, kitchen and dining room provide a large open area for family gatherings. The living room has a vaulted ceiling, plant ledge and a wall of windows to allow in natural light and a view of the large covered deck. The kitchen has custom "bump and stagger" upper cabinets with hidden hinges and crown molding, recessed lighting, stainless steel appliances, granite countertops with a breakfast bar. The dining room has a bay window, crown molding and chair rail. The home has a split bedroom design with the main bedroom on one side and the additional two bedrooms on the other side. The main bedroom has a tray ceiling with crown molding and double doors leading to the spacious bathroom with a garden tub, glass enclosed separate shower, double vanity with a granite countertop and a large walk-in closet. Additional upgrades inside the home are Arch doorways, rounded corners, orange peel walls and knockdown ceiling in the formal areas plus 2" faux wood blinds throughout. There is a state of the art whole house security system which includes 4 outdoor cameras, doorbell camera plus the smoke detectors and thermostat are also linked to the system. A MyQlink system is in place to monitor, open and close the garage door. Upgrades to the exterior of the home is a sprinkler system and gutters. The home has a large 10' x 20' covered deck with a ceiling fan. The green area behind the property is part of the 27 acres that is owned by Robins Ridge and adjoining it is 14 acres owned by Escambia County. 2021 washer and dryer included with acceptable offer. Call today to see Your New Home! *Assumable VA Loan to Qualified Buyer. Currently VA interest rates are substantially higher depending on your financial profile and your lender.*
Source: PENSACOLA #668890
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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.