Welcome to the sought after location of Snead Island! This exceptional home blends modern style with the peaceful beauty of its natural surroundings. Featuring 3 bedrooms, 2 bathrooms, and a spacious bonus room that can easily serve as a 4th bedroom, this residence offers the perfect balance of comfort, functionality, and charm. From the moment you arrive, lush landscaping and inviting curb appeal set the tone for what awaits inside. The open and spacious layout is filled with natural light, creating a bright and welcoming atmosphere ideal for both everyday living and entertaining. At the heart of the home is the beautifully updated kitchen, complete with stainless steel appliances, sleek granite countertops, ample cabinetry, and a large breakfast bar accented with luxury reclaimed wood and additional seating. Just beyond the kitchen, the expansive living and dining room combination provides the perfect gathering space. The thoughtfully designed split floor plan offers privacy and comfort. The generously sized primary suite serves as a true retreat, featuring a full walk-in closet and a beautifully appointed ensuite bathroom with a custom walk-in tiled shower. On the opposite side of the home, the second and third bedrooms enjoy their own private space with convenient access to a full bathroom. Step outside to the spacious screened-in back deck, the ideal place for outdoor dining, entertaining, or simply relaxing while taking in the stunning sunsets and serene Snead Island setting. The fully fenced, well-manicured yard provides plenty of room for outdoor enjoyment and peaceful evenings under the stars. Additional features include a whole-house central vacuum system, a massive 900 sqft 3-car garage with epoxy flooring, air conditioning in the garage, generator hookup, 50-amp hookup, and a private extended side driveway for added convenience. A few of the many updates include new landscaping, 2 year old roof, 2 AC units replaced and 3rd having a new motor, softs/gutters, garage doors, rebuilt deck, ceiling racks, and much more. Home sits on a full oversized lot and half. Snead Island offers a rare sense of seclusion and tranquility while still being just minutes from modern conveniences. Residents enjoy close proximity to the Bradenton Yacht Club, Emerson Point Preserve Park with 365 acres of walking trails, kayaking, and beach access, as well as easy access to Bradenton, St. Petersburg, Tampa, and Sarasota. Schedule your private showing today and experience the beauty and lifestyle of Snead Island for yourself.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
