3006 Norwich Dr W, Bradenton, FL 34205
3 beds · 2 baths · 1,672 sqft
This AMAZING West side home checks all the boxes! 3 Bedroom / 2 Bath / 2 Car Garage / Florida Room - PLUS a Fenced Yard with Gazebo * Perfect for entertaining and a very versatile floorplan* New HVAC in 2020 - New roof in 2019 - HURRICANE RATED windows, doors & extra insulation in 2018. Enter through the leaded glass entry door into the Great Room with oak laminate flooring. The roomy Kitchen offers white pearl cabinets (including glass front accents, drawer banks, a built-in pantry with pull out shelves, contemporary grey counter tops, tile flooring on a diagonal, stainless steel appliances and a convenient "pass thru" to the Florida Room. The glass enclosed Florida Room offers options for a playroom, art studio, or separate family room. Owner's suite has a walk-in closet with built-i n shelving AND has options to enter through garage or main home (possible mother-in-law suite or Airbnb?) Updated bathrooms, fans and fixtures. The oversized TWO CAR GARAGE also has a work bench and washer/dryer hook ups. There is also an attached workshop/storage area at the back of the home. Walking distance to Prine Elementary school and located just a short 20 Minute drive to ANNA MARIA ISLAND. This home won't last long! NO DEED RESTRICTIONS OR HOA FEES
Source: STELLAR #a4618437
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4618437
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: #a4618437
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.