909 N M St Pensacola, FL 32501
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About this home
Cozy, Updated Cottage in the Heart of Pensacola Welcome to 909 N M St – a cozy, convenient, and modern 2-bedroom, 1-bath home that blends classic charm with thoughtful updates. This inviting cottage was fully updated, making it a simple, low-maintenance, move-in-ready option for homeowners or investors alike. From the curb, the home’s charm is undeniable. Inside, you’ll find a bright open-concept living room and kitchen, featuring new cabinets, countertops, stainless steel appliances, under/over-cabinet lighting, and luxury vinyl plank flooring that runs throughout the main living spaces. Both bedrooms are comfortably carpeted, offering a quiet retreat, while the bathroom features stylish updates for a fresh, modern feel. The home also includes a new roof, siding, HVAC, water heater, paint, and flooring (all completed in 2021), ensuring peace of mind for years to come. Out back, a detached shed adds great storage potential, and the backyard offers space for outdoor dining, gardening, or simply relaxing. Perfectly positioned just minutes from some of Pensacola’s most popular destinations—1.5 miles from downtown, 2.5 miles from Blue Wahoos Stadium, 2 miles from Joe Patti’s Seafood, 2 miles from the Pensacola Bay Center, and a short drive to the beautiful white sand beaches of Pensacola—this home combines unbeatable convenience and charm. Whether you’re a first-time buyer, planning to downsize, or looking for a turnkey rental or investment, this updated Pensacola cottage is a true gem. Schedule your showing today and fall in love with 909 N M St!
Source: PENSACOLA #669834
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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.