1106 40th Ave W, Bradenton, FL 34205
3 beds · 3 baths · 1,344 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome home to this charming 3-bedroom, 2.5-bath ranch on one of the largest lots in the neighborhood! Nestled in a peaceful, no-thru-traffic community, this home offers both privacy and flexibility, with no deed restrictions—bring your RV, boat, trailer, or other recreational toys! Inside, the thoughtful split-bedroom floor plan provides both privacy and convenience, with wide hallways and doorways for easy access. The primary suite spans the entire right side of the home, offering a private retreat with a large garden tub, perfect for unwinding. A separate laundry room leads directly to the screened lanai and covered patio, creating a seamless indoor-outdoor flow for entertaining or simply enjoying Florida’s beautiful weather. The seller has been meticulous in updating the home, ensuring major components meet current code for peace of mind. Recent upgrades include a new roof (2023) with dimensional shingles, all-new plywood sheeting, hurricane straps, solar ventilation, and new gutters. The HVAC system (2020) features a UV light for allergen control, and in 2021, the electrical system was brought up to code, including a new main breaker, meter mast, and updated switches and plugs. All internal and external plumbing has also been modernized. Outside, the sprawling backyard offers endless possibilities—enjoy the shade of majestic oak trees, pick bananas from your mature banana plants, or create your own outdoor oasis. A storage shed provides extra space for tools and equipment, and a separate area of the lot is ideal for additional parking. While this home sits in an AE flood zone, it had no flood issues during the two major hurricanes last year. This well-maintained home is a rare find—schedule your private showing today!
Source: STELLAR #W7872848
Source: STELLAR #W7872848
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.