123 San Avellino Ct, Bradenton, FL 34208
5 beds · 3 baths · 2,446 sqft
RARELY AVAILABLE: 5 bedrooms, 3 full baths, 2 car garage, 2-story in the HIGHLY COVETED COMMUNITY of Cottages at San Lorenzo. The main level boasts a flowing open floor plan, featuring a gourmet kitchen adorned with sleek stainless steel appliances, granite countertops and ample cabinetry. Adjacent to the kitchen, the dining area provides a warm atmosphere for enjoying family meals or entertaining guests. The roomy living room serves as the heart of the home, offering a cozy retreat for relaxation and unwinding after a long day. Completing the main level is a guest bedroom, ideal for accommodating visitors or converting into a home office to suit your needs. A full bathroom adds convenience and functionality to this level. Ascending the staircase, you are greeted to the upper level by a relaxing loft area, which can be enjoyed as a reading retreat, a fitness station or a game room.Then the expansive master suite awaits.This luxurious sanctuary boasts a spacious layout, walk-in closet, an ensuite bathroom and dual vanity sinks. There are 3 additional bedrooms and a full bathroom on this level, all thoughtfully designed to provide comfort and privacy for family members or guests. Outside, the fenced backyard offers ample space for your pets to play. You can keep an eye on them comfortably from the shade of your spacious covered patio. This property is convenienty located near major roadways, top-rated schools, a diversity of shopping destinations, medical facilities, fine dining establishments, and pristine beaches; the perfect balance between tranquility and convenience, making it the ultimate place to call home in the heart of Bradenton. Don't miss out. Schedule your showing today!
Source: STELLAR #a4597799
Source: STELLAR #a4597799
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: #a4597799
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.