5420 River Sound Ter Bradenton, FL 34208
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About this home
PRICE REDUCTION!!!! SELLER SAYS SELL! Key West living at its best! This beautiful 2-story home features 2 bedrooms / 2.5 baths in the gated River Sound Community. Each bedroom has its own bath and there is a 1/2 bath on the main floor as well. Situated close enough to shopping, entertainment, and restaurants yet far enough away to enjoy wildlife, peace and quiet! From the moment you walk into this pristine home, you will notice the wonderful space for entertaining. Your bedrooms are upstairs and are very ample in size. Natural light in this home is stunning! This unique home has a rear entry 2-car garage. Between the garage and home lies a lovely private yard for all of your relaxing and grilling needs. There is space for your pets to roam also. Sit on your covered front porch and watch the beautiful nature or chat with your neighbors! What a lovely community! Enjoy the community pool and hot tub, the playground, the dog park, and the beautiful walking areas! A/C is 2021 and the roof over the home and garage are both 2025 so all of your major items are taken care of for you for peace of mind! Hurricane shutters are in the garage.
Source: STELLAR #A4653572
Loan details
Neighborhood
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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.