7695 Burnside Loop Pensacola, FL 32526
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About this home
OPEN HOUSE SUNDAY OCTOBER 19TH FROM 4-6 PM ***VA ASSUMABLE LOAN WITH LOW INTEREST RATE FOR QUALIFIED VA BUYER!!*** Welcome to this beautiful all-brick home nestled in the beautifully gated community in Antietam subdivision. This three-bedroom, two-bathroom gem offers 1,794 square feet of comfortable living space that's perfect for modern life. Step inside and you'll immediately notice the open concept design that makes entertaining a breeze. The heart of the home features gorgeous white shaker cabinets, an island for gathering around, granite countertops, stainless steel appliances and walk-in pantry. The wood-like luxury vinyl plank flooring flows throughout most of the home for easy maintenance. The primary bedroom is a true retreat with not one but two closets! The primary bathroom features a beautifully tiled shower that feels like a mini spa and double vanity with granite counter. Outside, you'll find a nice-sized fenced yard perfect for pets, kids, or just enjoying some privacy. The covered patio extends your living space outdoors, ideal for morning coffee or evening relaxation. Community perks include a refreshing pool for those hot Florida days and lawn maintenance handled by the homeowners association, so you can spend weekends doing what you actually enjoy. Located conveniently near Beulah Middle School, Publix Super Market, and the Escambia County Equestrian Center, you'll have everything you need within easy reach.
Source: PENSACOLA #669774
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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.