2410 MIZNER BAY AVE, Bradenton, FL 34208
There's no need to wait for new construction when you can move right into this nearly new home, just 3 years old. Perfectly situated to provide serene water views and modern living, this residence is an exceptional opportunity. Act now! The seller is providing a $5,000 credit at closing for contracts submitted by 9/16/24. Constructed with solid concrete block, this home is move-in ready and has benefited from numerous enhancements. Positioned on one of the finest lots in the community, it offers a peaceful retreat while maintaining the convenience of urban living. Inside, the home offers 1,828 sqft of spacious living, featuring 4 inviting bedrooms and well-appointed bathrooms. The bright, airy main living area boasts new tile flooring and freshly painted walls, creating a welcoming atmosphere. The kitchen, ideal for those who love to cook, is equipped with granite countertops, a practical walk-in pantry, and a charming breakfast bar for casual meals. Outside, enjoy a paver patio overlooking beautiful pond views, perfect for relaxing under the comfort of a canopy while appreciating the surrounding nature. With thoughtful upgrades and a prime waterfront location, this property is more than just a house—it’s a home. Schedule a viewing today to experience its charm firsthand!
You may be able to put down less than the total down payment amount of $129,318 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4617005