5406 Steele Rd Baker, FL 32531
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About this home
Welcome to small-town charm with modern comfort. This custom-built home on a full acre in Baker, Florida offers the best of both worlds—peaceful, semi-rural living with quick access to I-10 and all the natural beauty the Florida Panhandle is known for. Baker is a community where neighbors know each other, life slows down, and outdoor adventures are right at your doorstep. From Blackwater River State Forest’s hiking, kayaking, and camping, to nearby springs, rivers, and world-class beaches, you’ll never run out of ways to explore. Designed with both everyday living and entertaining in mind, this home features an open, versatile floor plan with 9’ ceilings and porcelain floors throughout. A welcoming front porch leads you inside to a bright foyer and private office. The spacious living room, complete with a wood-burning fireplace (gas option) and custom built-ins, flows seamlessly to a gourmet kitchen boasting a gas cooktop with hood vent, double ovens, granite counters, abundant cabinetry, and a large walk-in pantry. The breakfast bar seats eight, and the breakfast nook offers serene backyard views. The primary suite is a true retreat with room for a sitting area, two walk-in closets with custom inserts, and a spa-like bath featuring dual vanities, dressing area, deluxe tiled shower with triple shower heads, and water closet. Two additional bedrooms include generous walk-in closets; one has an ensuite bath, and another full bath offers a jetted tub. A flexible craft/dining room, oversized laundry with utility sink, and 2-car garage add even more convenience. Step outside to a covered back porch overlooking nature and wildlife. With gas hookups for an outdoor kitchen, wiring for a whole-house generator, and pre-plumbing for a pool, this home is ready for future upgrades. A yard building with 220-volt power is perfect for hobbies, storage, or RV hookup. Come experience the quiet luxury of Baker living—space, comfort, and connection to both community and nature.
Source: PENSACOLA #671645
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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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