294 Fairway Isles Ln, Bradenton, FL 34212
2 beds · 2 baths · 1,870 sqft
2 or more photos have been virtually staged. The Best View in Stoneybrook! Lake with Golf course behind! Fabulous Maintenance Free Villa in Stoneybrook at Heritage Harbour Golf Community! No mandatory golf fees but memberships available or pay as you play! VA 2.5 % ASSUMABLE MORTGAGE- You do not have to be a veteran! This almost 1900 sq.ft. villa has been updated with granite counter in kitchen and ceramic plank tile floor through all living areas! Open floor plan with large great room/dining room with triple sliders overlooking lake and golf! Kitchen w/granite counters, breakfast bar, walkin pantry, breakfast nook, SS appliances and new dishwasher (will have soon) Also spacious Primary suite with new laminate floor, walkin closet, full bath with dual sinks and lovely view of lake! Great den/office! Spacious 2nd BR with double door closet and ceiling fan. Utility room with huge pantry closet, washer and dryer. Oversized 2 car attached garage with phantom screen door. Relax on your extended lanai with spectacular lake and golf course views! Lanai has pavers for floor. All your troubles will melt away. Beautiful lake directly across the street as well. Live like you're on vacation year round with Heritage Harbour Golf & Eatery with 18 hole golf course and no mandatory golf fees! Memberships are available or pay as you play! Spend time at the heated resort style pools, spa, splash pool, tennis/pickleball courts, active club house, fitness center, beach volleyball, basketball courts, bocce ball, corn hole, shuffleboard, dog parks, playgrounds and picnic areas. So much for such low fees!! Stoneybrook is close to Anna Maria Island's beautiful beaches, Siesta Key, downtown Sarasota and Lakewood Ranch, plenty of restaurants and shopping, I75, Tampa, St Pete and airports! Welcome to Paradise! Note: CDD fee is the tax figure shown - owner has many VA credits so pays no property tax
Source: STELLAR #a4631444
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4631444
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #a4631444
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.