117 Hillcrest Dr, Bradenton, FL 34209
3 beds · 2 baths · 1,872 sqft
One or more photo(s) has been virtually staged. ASSUMABLE VA RATE AVAILABLE--Quietly tucked away between Manatee Ave W and Riverview Blvd, Harbor Woods is a community of 125 homes; you will find neighbors on their morning and evening walks with their pets. This home features split bedrooms with master bedroom sliders opening to lanai and pool; updated pool bath for easy access from pool; kitchen features breakfast bar, wood cabinets, granite counters, has pass-through window to lanai and pool area; breakfast nook opens to pool/lanai; family room offers cathedral ceiling, stone woodburning fireplace with raised hearth that is full width wall to wall - very impressive! A/C replaced 2021 (3 zones for individual comfort), refrigerator, range, microwave replaced 2024, pool pump 2021, roof 2018. Location, location - minutes to Robinson Preserve for kayaking, canoeing, walking and enjoying some of Florida's birds; Palma Sola Botanical Gardens, DeSoto National Memorial Park on the Manatee River, public boat ramp about one mile away, stroll along downtown Bradenton Riverwalk, and so much more... And for the beach lovers, Anna Maria Island on Gulf of Mexico is just 10-15 minutes away where you can enjoy island shopping, swim in crystal clear water, take walks, experience casual and fine dining and some gorgeous sunsets right on the beach, in the sand! Paradise!
Source: STELLAR #A4628780
Financials
Source: STELLAR #A4628780
Source: Public records
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%. 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.
Other resourcesWhat 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 “Get Notified” 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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.