1301 6th St W, Palmetto, FL 34221
2 beds · 1 baths · 896 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover the charm and convenience of this updated Palmetto home, ideally on a spacious fenced-in corner lot at 1301 6th St. W. Thoughtfully designed for functionality and comfort, as you walk through the custom mahogany front door, you will be more than impressed by this two-bedroom, one-bath home featuring vaulted wood ceilings with exposed beams, stylish accent walls, luxury vinyl flooring throughout, and a recently updated kitchen with new quartz countertops, gorgeous cabinets and stainless appliances. The beautifully renovated bath adds modern elegance to this inviting space. The exterior has a newer roof and was freshly painted, enhancing the home’s curb appeal. Enjoy outdoor living at its best with a screened-in lanai, a mature mango tree, spacious newer storage shed and ample parking with a covered area for cars, boats, or golf carts. This property remained unaffected by recent storms, offering peace of mind. The home is just moments from downtown Palmetto and Bradenton, close to local marinas, waterfront dining and just minutes from Emerson Point Preserve. The location offers quick access to gulf beaches, Sarasota, St. Petersburg and Tampa, plus nearby museums, theaters and airports, balancing tranquility and accessibility. Experience Florida living in this charming, well-appointed home where every detail has been tended to. Schedule your private showing today.
Source: STELLAR #A4644318
Source: STELLAR #A4644318
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.