3309 10th Ln W, Palmetto, FL 34221
4 beds · 4 baths · 2,604 sqft
One or more photo(s) has been virtually staged. Discover easy, elegant living in this thoughtfully designed three-level, 4 bedroom, 3 ½ bath townhouse near scenic Snead Island. This move-in-ready home offers a versatile floor plan, with each floor accessible by a PRIVATE ELEVATOR, ensuring that multi-level living is convenient for everyone. The main level, perfect for gatherings, features an open living and dining space that flows into a spacious kitchen with newer appliances, ample cabinetry, a pantry, and a cozy breakfast area. Each level has its own screened outdoor area, ideal for relaxing and enjoying the warm Florida breeze. On the upper floor, the primary suite provides a peaceful retreat with a private balcony, dual walk-in closets, and an ensuite bath complete with a step-in shower, garden tub, and dual vanities. This level also houses two additional bedrooms, a shared bath, and a conveniently located laundry area. The lower level offers a large bedroom with an ensuite bath, which could serve as a second primary suite, a bonus room, or guest space, making it perfect for multi-generational living. A rear lanai entrance and outdoor storage add convenience and flexibility to this level. The paver driveway leads to a two-car garage, providing both functionality and curb appeal. With NEWER AIR CONDITIONER, WATER HEATER, APPLIANCES, and ROOF CURRENTLY BEING REPLACED, this residence offers peace of mind and comfort. Plus, for qualified buyers, there's a 2.75 ASSUMABLE VA LOAN. The RiverBay Townhomes community includes a sparkling pool, fishing pier, and boat slips available for separate purchase. Nature lovers will appreciate the nearby kayak launch, preserves, and marinas. Enjoy the blend of style, space, and low-maintenance living in this lovely home!
Source: STELLAR #A4629012
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #A4629012
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: #A4629012