Virtually Staged. No HOA & Room for Your RV/Boat! Welcome to this beautifully renovated, home located in highly desirable West Bradenton! This updated residence perfectly blends contemporary style with relaxed Florida living—all with the freedom of NO HOA fees or restrictions. Step inside to a bright, airy split-floor plan featuring soaring vaulted ceilings and luxury large-format tile flooring, accented by brand-new neutral carpeting in the bedrooms. The fully remodeled kitchen serves as the home's true centerpiece, boasting sleek granite countertops, premium shaker-style soft-close cabinetry, and stainless-steel appliances. The private master suite features a newly remodeled en-suite bath with an expansive walk-in shower and a generous walk-in closet. Situated on an oversized double corner lot, the property offers ultimate versatility. The west side provides ample dedicated parking for a boat, RV, or extra vehicles, complementing the spacious 2-car garage. The shaded backyard is a peaceful bird sanctuary framed by mature trees, including a producing mango tree. Unwind or entertain on the massive, screened-in rear patio—perfect for your morning coffee or evening gatherings. Located in a friendly neighborhood close to an elementary school and GT Bray Park (tennis, pickleball, pool, dog parks). Best of all, you are just minutes away from the pristine shores of Anna Maria Island and Bradenton Beaches! Located in a desirable non-flood zone (Zone X). Come take a look and bring your ideas to make this your forever home! This home is offered with a 1year Home Warranty for your peace of mind. (Note: Some digital photos have been virtually staged to show layout potential).
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.
