12 Plaza St E, Bradenton, FL 34208
2 beds · 2 baths · 1,144 sqft sqft
The lovely Manatee River waterfront home is sitting on the Plaza of the Historic Community of Braden Castle and is a 55+ community. The cottage home has a wonderful, priceless water view dock for fishing, boating, kayaking at your feet. The 700ft fishing pier is steps away from your front door. The home has many windows, is charming and recently updated with a decorative fireplace in the living room. The home has two bedrooms, one and a half baths with wood finished ceilings, laundry room with new washer and dryer off the updated kitchen. The kitchen is fully updated with beautiful granite countertops, backsplash and stainless steel appliances. The upstairs sleeping room or porch can be used for a sitting area or office with new windows for enjoying the view and letting the breeze come in! There is lots of storage space in the home and a garage for bikes and other items. The house has a brand new roof. The front and back patio areas are great for enjoying the weather and the morning sunrise. The community includes lawn mowing, clubhouse(s) for social activities, library, shuffle board, horse shoes, community boat ramp and docks. The community is close to shopping, the Bradenton River Walk. Just move in and put your touch on it!
Source: STELLAR #a4593984
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4593984
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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.
MLS ID: #a4593984
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.