Welcome to your slice of paradise in The Harborage at Braden River, a premier gated community by Neal Communities offering resort-style amenities, a private marina, and direct boating access to the Braden River and the Gulf of Mexico, truly a dream property for water enthusiasts. This exceptional 3 bedroom, 2 bathroom home, built in 2007, showcases pride of ownership and thoughtful upgrades throughout. Inside, soaring high ceilings, recessed lighting, and pristine, easy-care tile flooring enhance the spacious feel of the main living areas. The eat-in kitchen is both functional and inviting, featuring ample cabinetry, stainless steel appliances, a built-in desk area, and a bright breakfast nook filled with natural light. It flows seamlessly into the generous dining room and expansive living room, creating the perfect setting for everyday living and effortless entertaining. Tucked away for privacy, the primary suite offers a true retreat with a huge walk-in closet and an en-suite bath complete with dual sinks, a relaxing walk-in shower, and a spa-like garden tub. Two additional bedrooms feature luxury vinyl plank and laminate flooring, along with large closets, ideal for overnight guests, a sunny home office, or flexible living space to suit your needs. Step outside to the screened-in lanai and take in tranquil lake views and a private backyard setting, perfect for morning coffee, sunrises and sunsets over the lake or unwinding at the end of the day. An oversized two-car garage and indoor laundry room provides valuable storage and convenience. Centrally located and close to all of the essentials including top schools, popular shopping, dining and just 30 minutes from the sandy beaches of Bradenton. Residents of The Harborage enjoy an exceptional waterfront lifestyle with a clubhouse, resort-style pool, fitness center, poolside grill, scenic nature trails, observation deck and fishing pier, kayak and canoe launch, and a marina with boat docks and lifts. If you’ve been searching for a beautifully maintained home in a gated boating community with direct Gulf access, this is the one. Don’t wait, contact the listing agent today to schedule your showing before it’s gone!
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.
