1107 22nd St E, Palmetto, FL 34221
3 beds · 2 baths · 1,560 sqft
This a great home, check it out!!! Palmetto Estates is located in between Sarasota/Bradenton and Tampa/St Pete and it's just an awesome location to all of the major areas for work and play! The Seller has made some recent updates just with rear fencing, limited painting and luxury vinyl plank flooring. The floor plan is perfect for those seeking an open floor plan with the Kitchen, Dining and Greatroom stacked together. There is a Bonus Room at the front of the home that could be an Office, a Library, a Music Room or a Kid's Room, You decide what works for You! The bedrooms are flanked on the one side with two auxiliary bedrooms which are oversized and both have Walk In Closets. The Owner's Retreat is quite Spacious with an Awesome Walk In Closet and an Ensuite with a Double Sink Vanity and a Large Shower. The Kitchen has beautiful one year old Stainless Appliances and a Fabulous Walk In Pantry with Custom Barn Doors. The LVP was installed in March 2025 and gives off a Coastal Vibe, all bedrooms and hallway were the recipient. The Fenced in Backyard offers a decent amount of space and both sides are fenced in so there is actually quite a bit of yard for children and pets. The Patio has a Sail Cloth to block the afternoon sun and there is plenty of space for a BBQ, Firepit, whatever you enjoy!! This newish subdivision offers convenience to Shopping, Eateries, Workplaces and Entertainment. There is just So Much to Love about this Home. Come take a gander as this just might become Your New Digs!
Source: STELLAR #A4646819
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #A4646819
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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.
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