3620 Maplewood Ter, Bradenton, FL 34203
3 beds · 2 baths · 2,330 sqft
Under contract-accepting backup offers. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.** Nestled in the gated community of Garden Lakes Estates, this recently updated pool home offers the perfect combination of serenity and convenience, ideally located between Sarasota and Bradenton for easy access to a variety of local attractions and amenities. The home features numerous recent updates, including new flooring in the formal living room and bedrooms, a new irrigation system, a new water heater, contemporary lighting fixtures, fresh interior paint, and updated landscaping for added privacy. This property is truly move-in ready. Step inside to discover impressive cathedral ceilings and a glimpse of the sparkling pool through the three-panel glass sliders in the formal living room. The modern kitchen is the heart of the home, boasting a suite of brand-new stainless steel appliances and elegant granite countertops. With a spacious breakfast bar and pantry, this kitchen blends style and functionality, making it perfect for everyday meals or special occasions. The family room is ideal for gatherings or movie nights, where natural light shines through, creating an open and airy ambiance. Outside, the generously sized screened-in lanai is perfect for unwinding or enjoying outdoor dining, with the refreshing solar heated, saltwater pool just steps away. The primary suite is designed for relaxation and convenience, offering direct access to the pool area. The ensuite bathroom features dual sinks, a soaking tub, a tiled shower, and a huge walk in closet! The split floor plan thoughtfully places two additional bedrooms on the opposite side of the home, along with a full bath that also serves as a convenient pool bath. Residents of Garden Lakes enjoy a low-maintenance lifestyle, with lawn care, cable TV, and internet included in the affordable quarterly HOA. The community also offers a pool and clubhouse. Beyond the gates, you’ll find yourself conveniently located near the Gulf beaches, the vibrant Lakewood Ranch and University Town Center areas for shopping, dining, and entertainment, and just a short drive from SRQ International Airport.
Source: STELLAR #a4624682
Source: STELLAR #a4624682
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: #a4624682
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.