16719 Ellsworth Ave Bradenton, FL 34202
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About this home
Rare opportunity! This home offers an assumable VA loan (subject to lender/VA approval). Buyer must qualify. Qualified buyers may benefit from favorable terms compared to today’s market. The Good Life Starts Here – Elegant, Stylish & Move-In Ready! Welcome to next-level living in this beautifully designed Martin Ray Model, set in the exclusive Del Webb 55+ community of Lakewood Ranch - the nation’s top multi-generational hotspot. This stunning home is loaded with custom upgrades, stylish design, and resort-style vibes, perfect for buyers who want the ultimate Florida lifestyle without the hassle of maintenance. With 1,964 sq. ft., this home features 2 bedrooms, 2 bathrooms, and a versatile den in an open, easy-flow floor plan. The den is located off the foyer, allowing for privacy and is a space that effortlessly adapts as a home office, workspace, guest retreat, hobby room, or creative nook—whatever you need it to be. This home is beautifully maintained and looks like a model. Interior upgrades include ceramic plank flooring throughout the entire home in a light/neutral color, neutral paint throughout, plantation shutters on all windows and sliders, crown molding and tall baseboards. Designer lighting lends to the home's style and continuity, all of the extra touches create a seamless flow throughout the entire home. Custom built-in drop zone and closet at entry to garage. Built-in cabinets and laundry tub in the laundry room, which is conveniently located close to the primary bedroom. Owner's suite complete with tray ceiling and ensuite featuring a soaking tub and separate shower, walk-in closet and extra storage. Kitchen dreams start here, it is perfect for foodies, entertainers and everyday convenience with a 10-foot island, separate beverage center and a walk-in pantry. Upgraded stainless steel appliances and gas cooktop, premium cabinets with wood range hood, designer backsplash and under-cabinet lighting. Kinetico water filtration system with water softener. Step outside to your backyard and soak up the Florida Lifestyle. Extended screened-in lanai that is plumbed for an outdoor kitchen and extra outside paver patio area perfect for gardening or to simply watch the beautiful sunsets. Widened paver driveway AND don't miss this garage - there is a complete hobby workshop with countertops and double doors to allow golf cart parking inside, pull-down stairs to access upper and lower storage areas, built-in cabinets and small beverage fridge - this is truly a bonus of quality workmanship. Don't miss this one, schedule your private showing today!
Source: STELLAR #A4644063
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.