114 147TH ST NE, Bradenton, FL 34212
NEW INTERIOR PAINT, NEW ROOF! will be installed before closing; transferrable 10 year warranty; Contractor has been hired to install. This home offers SO MUCH SPACE! Discover the charm of country-style living with all the conveniences of suburbia in this incredibly-priced Bradenton, FL home. Enjoy one-level living on a sprawling lot with open and ample space for guests, family, or even your mother-in-law. Nestled away from the hustle and bustle of tourism, this home offers a vibrant community year-round with a backdrop of flourishing bird wildlife and tropical landscape. Unwind in the screened-in pool, perfect for soaking in Florida’s spectacular evening sunsets. This home features an unobstructed water view of a serene community pond, providing a tranquil setting from multiple rooms. Experience the best of both worlds with world-class beaches like Siesta Key, Clearwater Beach, Nokomis Beach, and Holmes Beach just a short drive away. Explore local shark tooth hunting, sunbathing, or indulge in nearby shopping at UTC, Costco, Palmetto Outlets, and St. Armand's Circle. Dining options are abundant, catering to every palate. Enjoy the alluring arts and culture in nearby Sarasota. Families will appreciate Florida's top-ranked schools from elementary to high school. Boating enthusiasts will find Fort Hamer Boat Ramp just 4 miles away, and outdoor lovers can venture to Myakka State Park, Manatee River, Gulf of Mexico and nearby reservoirs. Golf courses are a stone’s throw away, and professional football, baseball, soccer, and hockey teams, along with baseball spring training and premium fishing, are within easy reach. Live in this peaceful retreat that offers all the premium enjoyments Florida has to offer. This home and location has all that is to be desired.
You may be able to put down less than the total down payment amount of $240,115 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4619041
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.