This stunning 5-bedroom, 4-bath, semi-custom home built in 2016 by the current owner has been meticulously maintained and offers over 3,100 sq ft of beautifully designed living space in highly desirable east Bradenton, Florida near Lakewood Ranch, Florida. This home provides an open-concept layout with generous room for entertaining and flexible living areas ideal for today’s lifestyle. This home can serve as a multi-generational residence with the upstairs currently setup as an 800 sq ft apartment complete with kitchenette, living area, large bedroom, large walk-in closet and its own full bathroom. The remaining 4 bedrooms and three full baths are located on the ground floor including the primary suite, that features a customized primary bath (completed when the house was built) and two large walk-in closets. The large cook's kitchen features a double convection oven, upgraded granite countertops and large center island for entertaining. A separate nook plus a formal dining area also highlight this open concept floor plan. Major upgrades provide added peace of mind, including two brand-new A/C units installed in 2024 and a new roof in 2025, offering long-term value and lower maintenance for the future homeowner. Also, a new pool w/spa and screened lanai with upgraded travertine decking was completed in early 2025 allowing for maximum rest and relaxation. All remaining carpet was removed in 2023 and finished with matching tile downstairs and LVP upstairs. The home also features a large 3-car garage with a premium epoxy floor, tons of storage and perfect for hobbies, or additional vehicle space. The exterior of the home was also professionally repainted in 2023. Situated on a premium lake-view homesite complete with fountain and a low monthly HOA in a sought-after community, this property combines modern convenience with Florida living at its best. This model rarely comes available in this community! Don't miss the opportunity to own this upgraded, spacious, and impeccably cared-for home just a 30-minute drive to the gorgeous beaches of Anna Maria Island and a 45-minute drive to the world-famous Siesta Key! 20 minutes from the UTC mall area in Sarasota that features the new Mote Marine facility as well as restaurants and shopping galore. Don't miss this one, schedule your 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.
