4007 Embers Lndg Pensacola, FL 32505
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About this home
Nestled in the serene and welcoming community of Marcus Lake, this charming two-story home sits on a spacious corner lot, ready to welcome its new owners. As you step into the home, you'll immediately appreciate the open and airy feel of the first level. The living room and dining room area are beautifully adorned with a blend of wood and tile flooring, creating a warm and inviting atmosphere. The kitchen is conveniently situated just off the living/dining area. Additionally, there is a half bath on this level, ensuring your guests' comfort and convenience. Make your way to the second level, where the owner's suite awaits featuring two separate spacious closets. Down the hall, you will find additional bedrooms and a bonus room serving as a versatile space, ideal for an office or hobby area. Step outside to discover the privacy-fenced backyard with yard buildings that provides extra storage space, with an inviting sitting area that offers the perfect spot to unwind on a cool day or night. This community has a lake and a park. Roof was replaced in 2020, seller allowance for flooring. Schedule your tour today! (Buyer and/or Buyer's Agent should verify all pertinent details related to this property, including but not limited to sq. ft., parcel dimensions, acreage, school zone, zoning classification, land use & any other information that may affect the Buyer's decision to purchase this property.)
Source: PENSACOLA #669361
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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.