4907 Chads Cir Milton, FL 32571
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About this home
Welcome to this stunning 4-bedroom, 2-bathroom residence offering 2,173 sq. ft. of beautifully designed living space on a premium .36-acre cul-de-sac lot in the highly sought-after Spencer Oaks Landing community with top-rated schools and no HOA. Step inside to discover high ceilings, a spacious family room, and a versatile extra living room that can easily serve as a 5th bedroom or private office. The gorgeous kitchen features newer appliances, a large stainless sink, and a bright breakfast nook perfect for morning coffee. The huge master suite is a true retreat with double vanities, a garden tub, a stand-up shower, and custom walk-in closets, plus French doors leading to a private covered patio overlooking a fenced backyard with room for a future pool, RV or boat parking, and total privacy. Additional highlights include a front covered porch with storm door and shutters, a storage shed, a double car garage, and inside laundry with washer, dryer, and cabinets. Enjoy modern updates like a new guest bathroom tub, ceramic tile in main areas, laminate wood-look flooring in bedrooms, a 2021 roof, 2022 water heater, 2023 HVAC system, and solar panels for energy efficiency. This one-owner home has been lovingly maintained and is truly move-in ready. Give me a call today for a personal tour!
Source: PENSACOLA #672016
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.