1915 27th Ave W Bradenton, FL 34205
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About this home
$274,900 AFFORDABLE OPPORTUNITY! You can STOP RENTING and START HOME OWNERSHIP! Or wise investor can INCREASE YOUR INVESTMENT PORTFOLIO! The homes are selling in this neighborhood, so ACT FAST and MAKE IT HAPPEN! The best feature of this home is NEW ROOF! Enter through the wrought iron door with elegant scrollwork bringing in natural light. Step into the large living room that has BAHAMA shutters on the BAY WINDOWS! The wall of the kitchen has been taken down, offering an open floor plan. The 3 bar stools welcome you to the recently installed dishwasher and microwave. The new light fixtures and painted brick walls add a designer touch. You can use the room off of the kitchen as a dining room, entertainment room or as another bedroom, (3 bedroom!). It has two outside entrances and with a wall could be a in-law studio! It has a large bath and laundry room. Here you'll find the newly installed water heater. On the other side of house you'll find a lot of built ins for storage. The LIGHT FIXTURES and the TILE offers a STUNNING BATHROOM HIGHLIGHTED by the UNIQUE VESSEL sink in the CUSTOM CABINET conveniently located between the 2 bedrooms. The bedrooms have a wall of closets. Outside you'll have a large lot with room to roam. The double-wide gate offers room to pull in all your toys, like boat or R.V. The STORAGE SHED is equipped with electrical. The roof over the concrete pad makes a great patio for your parties and BBQ's. This location is convenient to all your needs including groceries, fast food and array of big box stores. The home has audio and video monitoring camera/device
Source: STELLAR #A4668923
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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.