Boater’s Paradise in The Inlets: Meticulously Updated Waterfront Retreat Welcome to the pinnacle of Florida coastal living. Located in the highly coveted community of The Inlets at Riverdale, this stunning canal-front home has been transformed with high-end upgrades and impeccable maintenance. From the 75’ concrete seawall and dock to the sleek, modern interior, every detail of this residence is designed for those who appreciate the salt life. The Interior Experience The moment you pass through the elegant glass double doors, you are greeted by soaring high ceilings and an explosion of natural light. The open, split-floor plan features: • Vinyl flooring throughout and a crisp, modern palette of new interior and exterior paint. • Spa-Like Master: A recently remodeled master en-suite designed for ultimate relaxation. • Flexible Living: 2 spacious bedrooms in addition to the beautiful master. Outdoor Living & Entertaining Step outside to your private oasis. The expansive, screened-in lanai and pool area serve as your second living room, featuring: • Summer Kitchen: An outdoor grilling station newly topped with premium granite. • Year-Round Comfort: A beautiful pool for sunset swims. A Boater’s Dream Navigate the Manatee River with ease from your own backyard. • Deep Water Access: Features a 75' concrete seawall. • Pro-Grade Equipment: A perfectly sized 7,000lb boat lift is included with the sale. Turn-Key Peace of Mind Rest easy knowing the major components are all recently updated: The Inlets Lifestyle Live where others vacation. This premier boating community offers tennis courts, nature trails, canoe/kayak launches, and a private boat ramp—all with low HOA fees and NO CDD fees. You are minutes from the vibrant Bradenton Riverwalk, world-class Sarasota beaches, and endless "land or sea" dining options. Opportunities in this sought-after enclave are rare—schedule your private tour today before this gem is gone! All dimensions need to be confirmed by buyer or buyers agents, measurements are approximate!
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.
