5556 Chalker Rd Molino, FL 32577
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About this home
Country living at its finest! This country style home sitting on 2.1 beautiful acres of fully fenced land with its own extra-large fishpond is the perfect place to relax and unwind. The house has 4 large bedrooms and 2. 5 baths. You'll enjoy serving the family and your friends in the large eat in kitchen or the formal dining room. The master bedroom is currently on the second floor, but the first floor has a large bedroom with its own private bath if you prefer to stay downstairs. The current master has its own adjoining deck overlooking the beautiful fishpond! The house also has an indoor and an outdoor elevator to make it easy to access the second story. These were both built by the owner's husband, not manufactured units. They both work fine as intended but I would advise you to have them inspected. Out back is the garage/workshop/separate apartment. The overall building is about 64x28 with the garage/workshop using about 48x28 of that space and has 3 garage doors. There is an apartment with the kitchen and dining area on the first floor and a living room, 4 bedrooms and a bath upstairs! The main house is in generally good condition with no known problems and is perfectly fine as is. The separate apartment could use some work but can easily be a great place for older children, other relatives or possibly a rental apartment. The seller has also mentioned that most items (furniture, tools, etc.) are also for sale and she is willing to negotiate on all. Please note that the property is being sold in it's as-is condition. This property has it all, a large lot, beautiful country style home with 4 bedrooms and 2.5 baths and that extra-large workshop/garage/apartment. There are other features to this home and property that you will find as you go through the home, but I don't have room here to describe. If you want peace and quiet, country living, yet not too far from everything this is a truly unique find that you will be proud to call home!
Source: PENSACOLA #671615
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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.
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