5587 Mill Race Cir Milton, FL 32571
Your savings
About this home
Buyer Incentives Available! Get a rate buydown and free refinance within 2 years when using our preferred lender. Plus, a security system is included at no extra cost! This stunning Certified Pre-Owned 4BR/3BA Craftsman-style home sits on a large corner lot in a quiet Pace cul-de-sac and is packed with upgrades! The open-concept layout features durable LVP flooring in main areas and primary suite, soaring ceilings, and a kitchen equipped with stainless steel appliances, ample cabinetry, and a large breakfast bar. The split-bedroom floor plan includes a private guest suite with its own full bath and pool access—ideal for multi-generational living or visitors. The owner’s suite offers his and hers large walk-in closet, garden tub, separate tiled shower, and double vanity. Step outside to your personal retreat: a saltwater inground pool, covered patio, a large shed that has a breaker box already set up and is electric-ready, and a fully fenced backyard with double gate entry—perfect for parking a boat, trailer, or extra vehicles. A dedicated pool bath makes outdoor entertaining even easier. Located in the Pace Mill Creek community, this family-oriented private neighborhood is near top-rated schools, shopping, and NAS Whiting Field. This move-in-ready home combines comfort, convenience, and incredible buyer perks. A Certified Pre-Owned Home is a home that has had pre pre-inspection already done and comes with a 1-year home warranty.
Source: PENSACOLA #669957
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.