16806 5th Ter NE, Bradenton, FL 34212
4 beds · 3 baths · 2,739 sqft
Get a free consultation call with an expert in the mortgage assumption process.
0.54 Acre Lake & Preserve Cul-de-sac Lot, 2023 Slate Tile Roof, 2023 Kohler 20KW whole house generator, Impact resistant windows, $332K in upgrades, 2023 Appliances, Reverse Osmosis Filtration, Saltwater Pool, Outdoor Kitchen, Upgraded tile throughout, New Lighting, 3 car Side load garage w/ built in cabinetry. Perfectly built "enclave style" luxury home located on 0.54-acre cul-de-sac lot all designed for maximum seclusion, tranquil living with sumptuous luxury appointments. This home fits the quintessential motto "YOU HAVE TO SEE IT TO BELIEVE IT". Nestled beautifully on a quiet cul-de-sac, this property boasts impeccable curb appeal with breathtaking landscaping & the rare long lake view and private preserve provide an unparalleled backdrop for this meticulously maintained Diamond. NEW 2023 SLATE TILE ROOF, KOHLER 20KW WHOLE-HOUSE GENERATOR & device load shredding unit plus worldwide WiFi monitioring capability, w/ 500-GALLON IN GROUND PROPANE TANK, IMPACT-RESISTANT WINDOWS, ensuring safety & peace of mind. Thoughtfully upgraded by these original owners, who INVESTED $332K in enhancements, this home is truly a masterpiece. Step inside to discover newer UPGRADED TILE FLOORING throughout, 50” linear ELECTRIC FIREPLACE, stacked stone ACCENT WALL, and panoramic views of the oversized lanai and PREMIUM LOT. Chef’s kitchen w/ 2023 NEW APPLIANCES such as Bosch dishwasher, GE Profile oven, stovetop, microwave, granite countertops, a lg kitchen sink with an OSMOSIS FAUCET, hand-blown glass pendant lighting, and freshly painted wood cabinetry. The family room seamlessly transitions to the expansive lanai, where you'll find a SALTWATER POOL with a free-flowing design, an OUTDOOR KITCHEN, and cedar ceilings. The serene lake and preserve views create the perfect setting for relaxation or entertaining. The owner’s suite is a lg private retreat w/ tile flooring, two California Closet-designed walk-in closets, WOOD ACCENT WALL & direct access to the lanai. The en suite bathroom features dual vanities w/ Cambria countertops, a soaking tub, a walk-in shower, and a state-of-the-art Toto toilet with Washlet. Three additional spacious bedrooms, including one with two closets and a private pool entrance, provide ample space for family or guests. A pool bath adds convenience. The 3-CAR SIDE-LOAD GARAGE is a standout feature, offering CUSTOM-SCREENED DOOR SLIDERS, POLYASPARTIC FLOORING, BUILT IN CABINETRY, and a workbench area. The laundry room includes a 2023 washer and dryer, wood cabinetry, & SINK WITH QUART COUNTERTOP. Additional upgrades include a 50 gallon water heater, whole house water softener & filtering system, security cameras, whole house surge protectors, a 2019 Lennox signature A/C with variable speed and a smart thermostat, attic insulation upgraded to R40, custom lighting and recessed fixtures, crown and baseboard molding, gutters, upgraded landscaping with LED lighting, and a 2021 pool pump. Too many upgrades to list……this home is a must see! Located just 30 minutes from the pristine beaches of Anna Maria Island, shopping, dining, Sarasota Airport, this home offers the perfect blend of luxury, privacy, and convenience.
Source: STELLAR #A4635402
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4635402
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.
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.