706 Gadwall Ct Bradenton, FL 34212
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About this home
This home offers an assumable VA loan (subject to lender/VA approval). Buyer must qualify. Qualified buyers may benefit from favorable terms compared to today’s market. This beautifully upgraded, move-in ready home is nestled in the desirable gated enclave of Magnolia Ranch, just minutes from Lakewood Ranch and easy access south to Sarasota and north through Parrish to St Pete/Tampa. It will rival any new construction in the area. Meticulously maintained, offering many thoughtful upgrades, including an extended screened paver lanai with a disappearing corner and custom motorized window treatments and three-car tandem garage with epoxy floors. Step inside to find a modern and airy interior featuring light cabinetry, quartz countertops, tile backsplash, stainless steel appliances, and 42" upper cabinets in the kitchen—perfectly designed for both casual dining and entertaining. The large center island provides ample prep space and additional seating, while the adjacent eat-in dining area invites cozy meals with family and friends. Modern tile throughout the main living area, upgraded lighting fixtures, ceiling fans, and window blinds. The recessed walk-in shower and frameless glass door in the primary bath offer a spa-like experience, while the home’s smart features—including a Ring doorbell and programmable lighting—add security and convenience. The floor plan is smart and no wasted space, with an oversized laundry room complete with sink and cabinetry. Tucked beyond the laundry room right outside the garage entry is extra space perfect for a drop zone for bags and shoes. Magnolia Ranch is a low-maintenance, NO CDD community with low HOA fees, and is perfectly positioned for year-round residents, snowbirds, or investors. Enjoy close proximity to world-class beaches, golf, dining, shopping, nature preserves, and vibrant downtown areas.
Source: STELLAR #A4658697
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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.