2224 50th Street Cir E, Palmetto, FL 34221
3 beds · 3 baths · 2,416 sqft
BRAND NEW ROOF!!! Welcome to 2224 50th St Cir E, an inviting home located in the heart of Palmetto, Florida! This spacious residence offers 3-4 bedrooms, 3 bathrooms and a den across 2,416 square feet of open-concept living space. Enter the home to find a bright, spacious layout featuring high ceilings, and a seamless flow between the kitchen, formal dining room, and living areas—ideal for both entertaining and relaxation. The kitchen is equipped with modern appliances, generous cabinetry, a convenient breakfast barand a dinette area that opens into the great room. The primary suite provides a private retreat with a large walk-in closet and an ensuite bathroom featuring a soaking tub, dual sinks, and a walk-in shower. The third bedroom could be converted into two separate bedrooms or used as a large in-law or teen suite with a living room, bedroom and en-suite bathroom. Outside, enjoy your own piece of paradise with a covered lanai and fenced backyard overlooking the sparkling lake ideal for outdoor gatherings, gardening, or just soaking up the Florida sunshine. Pour your favorite beverage and sit in your extended screened in lanai while watching the stunning sunsets over the glistening lake. Set in a small community with close proximity to I-75, I-275 and US-41 you're just a short drive from the vibrant city life of Sarasota, St Pete, Tampa, and the beautiful Gulf beaches. Low HOA and NO CDD! A new roof is being installed prior to closing. Come make this your new home!
Source: STELLAR #A4625992
Financials
Source: STELLAR #A4625992
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.