4195 Bonway Dr Pensacola, FL 32504
Your savings
About this home
NEW, NEW & NEW! This immaculately maintained 3-bedroom, 2-bath home offers the perfect combination of immediate comfort & long-term potential. Located near the charming Scenic Heights area, Cordova Mall & Pensacola International Airport, this home spans 1,404 sf & checks all the boxes for move-in readiness & your personal touch. Inside is a formal living area ideal for entertaining, & a cozy den perfect for relaxed evenings or informal gatherings. The refrigerator, dishwasher, glass top stove & water heater were replaced in 2025. The main living areas were refreshed in 2022 with new wood-look flooring that offers the warmth of hardwood with modern durability. The windows were also upgraded that same year, enhancing energy efficiency & natural light throughout. A new roof was installed in 2021, giving you one less thing to worry about. The home's backyard is a highlight, featuring a fully fenced yard with ample space for relaxation, entertainment or to add a pool. Whether you're looking for your first home, right-sizing or seeking long-term value, this property offers a solid foundation. With recent updates already in place, you can move in now & gradually personalize every detail to reflect your unique vision.
Source: PENSACOLA #666476
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.