Nestled on a desirable corner lot at the end of a quiet cul-de-sac in the highly sought-after Silverleaf community, this stunning and meticulously maintained home offers the perfect blend of comfort, style, and functionality. This beautifully designed residence features 3 spacious bedrooms, 2 full bathrooms, a versatile den, formal dining area, and a private screened lanai. Laminate flooring flows throughout the entire home, creating a seamless and modern look. The open-concept floor plan is ideal for both everyday living and entertaining. The spacious kitchen opens to the main living areas, making it easy to stay connected with family and guests. The primary suite is a true retreat featuring a luxurious en-suite bathroom, generous walk-in closet, and large windows that fill the room with natural light. All bedrooms offer ample space and walk-in closets. The flexible den can be used as a home office, library, playroom, bar, or cozy sitting area to suit your lifestyle. Step outside to your private lanai, the perfect place to enjoy your morning coffee or unwind in the evening. Living in Silverleaf means enjoying resort-style amenities including a clubhouse, fitness center, pool and spa, dog parks, playgrounds, soccer field, covered BBQ area, picnic spaces, and scenic walking trails. Conveniently located just minutes from Ellenton Premium Outlets, shopping, dining, golf courses, and Florida's world-famous Gulf beaches. With easy access to I-75, commuting to Bradenton, Sarasota, Tampa, and St. Petersburg is a breeze. Don't miss your opportunity to own this exceptional home in one of Parrish's most desirable communities. Schedule your private showing today!
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.
