4510 29th Avenue Cir E Palmetto, FL 34221
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About this home
Everyone loves SUGAR MILL LAKES! Move-in ready and beautifully maintained, this Geartz-built 3 bedroom, 2 bath home is tucked on a quiet street with the privacy of an Audubon preserve backdrop. Designed with comfort and function in mind, the split floor plan includes formal living and dining rooms, along with a spacious family room just off the kitchen. Cooks will love the center island, breakfast bar, and open flow for entertaining. The wraparound screened lanai opens from both the living and family rooms, offering peaceful pond views and a perfect setting for birdwatching, gatherings, or simply unwinding at the end of the day. Bedrooms feature newer carpet, and the home has been lovingly cared for so you can move right in. Residents of Sugar Mill Lakes appreciate the well-kept community, complete with a park, tennis courts, and walking areas—all while enjoying a low HOA fee, no CDD fees, and no flood insurance required. That means more freedom to live the Florida lifestyle without the extra costs. Centrally located near two I-75 interchanges, commuting is simple with quick access to Bradenton, Sarasota, St. Pete, and Tampa. Plus, you’re just minutes from shopping, dining, and medical facilities. Whether you’re looking for a peaceful primary residence or a seasonal retreat, this home offers the perfect blend of convenience, comfort, and community.
Source: STELLAR #A4662704
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.