VA loan
1 of 50
VA loan
$1,065,000 SIGNIN

Sign in to see required down payment for the 3.93% rate

16612 5th Ave E, Bradenton, FL 34212

4 beds · 4 baths · 3,114 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

This beautiful Lory model is in the sought after Rye Wilderness Estates. Double glass eight foot doors welcome you into this gorgeous open floor plan with ten foot ceilings with crown molding, 4 bedrooms, 4 bathrooms, tile roof, 3 car garage with paver driveway on a 1/2 acre lot all make this the ideal home. Once inside, you'll find the formal dining/sitting room to the right, continuing to the wide open great room with impressive stone feature wall and accompanying stylish wall shelves, large tray ceiling with crown molding, then on to the impressive gourmet kitchen, featuring a long center island, designer backsplash, top of the line stainless steel appliances, artistic vented hood, under counter lighting, a spacious walk in pantry, solid wood grey cabinetry with pullouts, granite countertops, and an induction cooktop. The interior opens to an exquisite large custom pool and brand new spa with paver lanai, custom built outdoor kitchen with seating area and fireplace under roof with enclosed pool screen. This secluded oasis offers lots of privacy with its exquisite landscaping. Double eight foot doors guard the oversize master suite with impressive custom walk in closets, luxurious master bath with dual vanities, relaxing garden tub, and oversize walk in shower. On the other side of the house there are two suites with walk in closets and personal full bathrooms, and a fourth additional bedroom with bathroom that serves as a pool bath. NO CDD's, LOW HOA's. The community is known for its generous lot sizes, proximity to schools, shopping, dining, entertainment and Beaches and amenities such as courts and a playground.

Estimated
Seller's interest rate
3.93%
7%
Estimated
Monthly payment

$3,167
$3,706
You may also save up to $146,597 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.


Open house
May 17 • 11AM - 1PM
Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $3,706 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
3.93%
Remaining term
22 yrs and 8 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$3,167
Principal & interest
$1,680
Mortgage insurance
-
Property taxes
$446
Home insurance
$967
HOA fees
$73
Utilities
Not included

Source: Public records

Home details
Size
3,114 sqft
Lot size
0.5 acres
Year built
2017
Type
Single Family Residence
HOA dues
$73.00

Source: STELLAR #TB8370067

Qualify

To qualify, you must meet the current FHA or VA 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 15, 2025 07:16 pm
Listing agent: Greg Sullivan (800) 296-9637
Listing provided courtesy of: BY OWNER.COM (800) 296-9637
Details provided by STELLAR and may not match the public record.
MLS ID: #TB8370067
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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$3,167
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