5955 Ashton Woods Cir Milton, FL 32570
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About this home
VA Assumable Loan *** This all brick 2,026 SF 3 bedroom 2 bathroom home with side entry garage and solar panels is move in ready just waiting for you. The home is located in peaceful Ashton Woods just North of Highway 90 in Milton. It boasts many updates including luxury vinyl plank (LVP) throughout as well as updated fixtures is most every room. Bedrooms and Great room also have ceiling fans. The great room has a 12 foot ceiling, French doors to the patio, wood burning fireplace and it is open to the kitchen and breakfast area. The kitchen has had updates and includes a backsplash, white painted cabinets and stainless steel appliances including refrigerator. There is a breakfast room as well as a separate dining room that could double as many uses. The master bedroom is a good size and has a bathroom with a large walk-in closet, double sinks in a white painted cabinet, separate shower, water closet and a garden tub. The additional bedrooms both have double closets. The additional bathroom has a standard tub and shower combo and white cabinet. The laundry room comes with a washer and dryer and the house is all electric and is equipped with hurricane window protection. The yard is a great size and includes three newer well built yard buildings with metal roofing, drive through doors on one and a roll up door on all three. The home is located conveniently to hospital and clinics, schools, shopping and anything else you may need. Come see it before someone beats you to it.
Source: PENSACOLA #659570
Loan details
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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.