7240 Hamilton Rd Bradenton, FL 34209
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About this home
Experience maintenance-free living at its best at Palma Sola Trace! This stunning Carlisle townhouse unit boasts one of the largest floor plans in the community. Upon entering through your beautifully landscaped walkway, you'll find an open-concept dining and living room area adjacent to the kitchen. The garage provides easy access to this lovely unit. Step into the screened lanai off the living room, where you can relax and enjoy the tranquil stream just outside your door, surrounded by beautiful wildlife—perfect for savoring your morning coffee or evening drink. The galley kitchen features granite countertops, all-wood cabinetry, and stainless-steel appliances, complemented by a spacious pantry for all your culinary needs. Conveniently, the one-car garage is located near the kitchen, with an additional tandem parking spot available, along with extra guest parking across the street. Upstairs, you’ll discover the primary bedroom and bath, complete with a large walk-in closet and an updated bathroom featuring a single vanity with granite counters. At the end of the hallway, two additional bedrooms share a bathroom with a tub and shower combo, also equipped with granite countertops. These generously sized bedrooms can easily accommodate queen beds and furniture. Plus, the laundry is conveniently located upstairs—no more hauling loads up and down the stairs! Enjoy a prime location close to shopping, dining, and just minutes from the world-renowned beaches of Anna Maria Island. Palma Sola Trace also offers a community pool, fitness center and is a very pet-friendly community
Source: STELLAR #A4659830
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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.