3200 Avenue A W, Bradenton, FL 34205
3 beds · 2 baths · 1,288 sqft
Welcome to this charming historical 3-bedroom, 2-bathroom bungalow located in the heart of Bradenton, offering over 1,000 square feet of comfortable living space and freshly painted on the inside and out. Enjoy breathtaking water views of the bay from both the cozy living room and the master bedroom. This home has been thoughtfully updated with a new AC in 2020 and solar panels added in 2022, making it energy-efficient and eco-friendly. The beautifully remodeled kitchen, complete with granite countertops, was updated in 2017 and is perfect for cooking and entertaining. The floors throughout the home have also been updated in 2024, providing a modern and clean aesthetic. Situated just a short distance from the crystal-clear, sandy beaches of Anna Maria Island and close to Warner's Bayou Boat Ramp and Lewis Park, this home offers a prime location for those who love outdoor activities. Manatee River Garden Club is also close by. Birdwatchers will appreciate the nearby Robinson Preserve. Additionally, this home is conveniently close to shopping, dining, and more, with easy access to I-275 and St. Petersburg. Families will appreciate its proximity to local schools, including Palma Sola Elementary, King Middle School, Manatee High School, and St. Stephens Episcopal School. For added uniqueness, the home features a fallout shelter that can serve as extra storage or be transformed into something special. This property is located in a non-flood zone, offering peace of mind. It also presents a great investment opportunity, given its prime location and potential for future growth. Don’t miss out on this exceptional chance to own a piece of paradise in Bradenton!
Source: STELLAR #A4641048
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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
Source: STELLAR #A4641048
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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 of Equal Opportunity Act.