3718 61st Dr E Bradenton, FL 34203
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About this home
Life just got easier in this beautiful lakefront pool home in Regal Oaks! If you're looking for a slice of Florida paradise that's centrally located and close to absolutely everything, you've found it. Imagine starting your day with a cup of coffee, overlooking serene water views from your own private oasis. This meticulously maintained 3-bedroom, 2-bathroom home is ready for you to move right in and start enjoying the Florida lifestyle. Regal Oaks has a great central location, putting you near it all! You're just a short drive from the stunning local beaches, world-class shopping at the UTC Mall, and convenient travel from Sarasota International Airport. But it's not just about location. This home offers peace of mind and low-maintenance living. The RECENT ROOF (2020) is a huge plus, and the AC (2021) will keep you cool for years to come! You'll rest easy knowing you're prepared for anything with the included hurricane generator and shutters. Spend your time relaxing by your resurfaced pool, soaking up the sun with that desirable southern rear exposure, instead of worrying about upkeep. And if you have a four-legged friend, they'll love the fenced dog run on the side yard! Inside, you'll discover a spacious and inviting layout perfect for both relaxation and entertaining. Vaulted ceilings and a great room layout that opens to the pool area make it very desirable. Low HOA fees and NO CDD fees mean more money in your pocket to enjoy all that Sarasota has to offer. This isn't just a house; it's a lifestyle upgrade. Come see for yourself how convenient, comfortable, and carefree Florida living can be! Make sure to check out the virtual tour link for the 3D tour.
Source: STELLAR #A4652221
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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.