9454 Lutoo Ln Pensacola, FL 32526
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About this home
Welcome HOME to Navy Oaks! This well-kept LIKE NEW residence, built in 2018, feels modern & inviting while delivering outstanding convenience. Having had just one owner, it has been carefully maintained and is presented in excellent condition. Its central location places you just minutes from Navy Federal, shopping, restaurants, interstate access, & outdoor activities at Ruby Fish Camp boat launch. Whether commuting to work or enjoying Pensacola’s many attractions, the setting makes every drive effortless. Spanning 2,511 SF, the floorplan has been designed with everyday living in mind, creating a true sense of the “perfect plan.” The first level welcomes you into a spacious great room flowing seamlessly to the dining area & kitchen. A large island & oversized pantry provide both function & style, while a flex room offers the perfect space for a home office, creative retreat or anything that fits your lifestyle. Also on the main floor is a comfortable guest bedroom & full bath, giving flexibility for visitors or living accommodations. Durable wood-look vinyl flooring ties the spaces together with a clean, modern feel. The second level opens to an additional living area, giving options for relaxation or entertainment. The primary suite is a private retreat with a 13’x20’ bedroom, expansive walk-in closet, dual vanities, garden tub, & oversized shower. Three additional bedrooms, a full bath, & a convenient laundry room complete the upstairs design. Every corner of this home was built with lifestyle & practicality in mind, including a generator transfer switch if needed. Curb appeal comes naturally with its low-maintenance four-sided vinyl exterior & two-car garage. From its thoughtful layout to its unbeatable location, this home truly captures the essence of easy Pensacola living. Schedule your tour TODAY!
Source: PENSACOLA #671442
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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.