5653 Burr St Milton, FL 32570
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About this home
Drive by after dusk to see the Halloween lights, witches, and festive decor. Come see the home by day, then swing back by night for the spooky glow! Welcome to this spacious 4BR/3BA home with office/bonus room located in a quiet, one-way-in, one-way-out neighborhood—perfect for families! The kitchen features granite countertops, a large island with breakfast bar, a roomy breakfast nook, and a walk-in pantry. The split bedroom layout includes an oversized master suite with a large shower, double vanities, private water closet, and a large walk-in closet. Bedrooms 3 & 4 share a Jack and Jill bath, while Bedroom 2 has a full hall bath nearby. A separate bonus room offers the flexibility to be used as a home office, playroom, or whatever best suits your lifestyle. This room is a fully insulated interior-access room with secure electronic entry which adds even more versatility—ideal for remote work, a quiet studio, or hobby space. Newly installed luxury vinyl plank flooring runs throughout the main living areas, offering a modern, durable, and easy-to-maintain finish. Enjoy the open patio, fenced backyard with double gate, and a custom-built storage building—ideal as a workshop, man cave, or she shed. The home also features a full-yard sprinkler system on city water for easy lawn maintenance and an annual termite bond to be transferred at closing. Centrally located near I-10, shopping, Whiting Field, NAS Pensacola, and top-rated schools. Just 30 minutes to the beach!
Source: PENSACOLA #663534
Loan details
Neighborhood
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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.