4127 Middle River Ter Ellenton, FL 34222
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About this home
Welcome to Your Dream Home in Covered Bridge Estates! Tucked away on a quiet cul-de-sac in one of Ellenton’s most desirable communities, this stunning two-story residence offers the perfect blend of elegance, comfort, and convenience—with NO CDD fees! Built in 2003 this home features a dramatic entryway with soaring 20-foot ceilings and an open loft that adds space and charm. The main-level primary suite provides privacy and convenience, while the updated half bath and laundry room add functionality to the first floor. The gourmet kitchen is a showstopper, featuring updated wood cabinetry, sleek countertops, stainless steel appliances, and even a built-in wine fridge—perfect for entertaining. All bathrooms have been stylishly renovated to reflect a modern, upscale feel. Step outside into your own private backyard oasis—one of the largest lots in the neighborhood, boasting a heated pool and spa with smart control from your phone, and a brick paver patio that’s ideal for relaxing or hosting guests year-round. With a brand new roof, new AC units, and a new pool heater, this home is move-in ready—just bring your personal style! Covered Bridge Estates offers low HOA fees and fantastic amenities including a community pool, tennis courts, clubhouse, and playground. All this in a prime location—just minutes to I-75 and I-275, the Ellenton Outlet Mall, and a variety of restaurants and shops.
Source: STELLAR #A4657721
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.