5896 Moss Ln Pensacola, FL 32505
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About this home
Ideal for First-Time Buyers or Savvy Investors! Free 2-year home warranty! This charming 3-bedroom, 2-bath home sits on over a quarter acre and offers great potential. The spacious open concept living, kitchen, and dining area is perfect for entertaining. Bathroom showers have been newly remodeled for a fresh, modern feel with new plantation shutter throughout! The roof is 11 years, the HVAC is 2024, Water Heater is 2022, The generator is 2022, the vinal floors are 2023. The home is sold "as is" with a 2–3-year home warranty already in place and transferrable. Please use showing time. Enjoy both an attached 1-car garage and a large, detached garage with electricity, windows, and a loft—perfect for a workshop, studio, or conversion into an Additional Dwelling Unit (ADU). Outside, you'll find a covered porch, a fish cleaning station, fruit trees, and the start of an outdoor kitchen—ideal for enjoying Florida’s beautiful weather. Additional features include metal hurricane shutters, ceiling fans rooms, a generator with dedicated gas tank and transferrable security system. Located near NAS Pensacola, hospitals, stunning beaches, and freshwater rivers, this home offers both convenience and lifestyle. Whether you're looking for a cozy place to call home or a flexible investment opportunity, this property is a must-see!
Source: PENSACOLA #669701
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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.