368 Snapdragon Loop, Bradenton, FL 34212
4 beds · 3 baths · 2,271 sqft
This is the one! Completely updated lakefront home with 2,271 square feet, four bedrooms, three baths and a two-car garage with ceiling storage shelving, heated screened-in pool with lakeview and fenced yard in the gated community of Greyhawk Landing. As you drive up to the home, you will notice the new roof, beautiful landscaping with exterior lighting, custom paved driveway and walkway leading to the luxurious glass front door. Enter through the front door and be captivated with the gorgeous water view of the lake directly behind the home, along with high ceilings with crown molding, a spacious open floor plan making it feel airy and bright and family/dining room combo with glass French doors to the covered paved lanai/pool area, ideal for leisurely afternoons or hosting gatherings. The open kitchen is outfitted with stainless steel appliance with French doors refrigerator, new dishwasher and microwave, granite counters, subway tile back splash, custom 42-inch cabinets, breakfast bar and separate dinette with seamless glass window overlooking the pool and lake. The spacious living room is open to the kitchen making this home ideal for entertaining with additional French doors out to the pool area and a beautiful corner seamless glass window. Step into the primary bedroom with a glass window allowing for tranquil water views and French doors opening up to the pool area. The large primary en-suite bath has dual granite counter vanities, garden tub with separate walk-in shower, private toilet closet, along with his closet and her walk-in closet. The split bedroom floor plan has three additional spacious bedrooms with guest bath and a bonus third full bath with shower with direct access to pool. In the back of the home, you will find a gated area which is ideal for your pets to play. Additional updates include pool resurfaced in 2024, new dishwasher and microwave in 2024, new garage door in 2024, new roof in 2022, new pool pump and heater in 2022, newer water heater and disposal in 2021, gas water heater in 2021 and impact windows. Seller has an assumable VA Loan with an interest rate less than half of current interest rates. Greyhawk Landing amenities provide an in-person guarded security gate, clubhouse, fitness center, resort-style community pool with lap lanes and kiddie splash play area, tons of nature and walking trails, playground, tennis and pickleball courts, basketball court, soccer fields, baseball diamond and fishing dock. Enjoy top-rated schools. Conveniently near a variety of entertainment options, dining and easy access to Interstate 75, this home has it all. Don’t miss your chance to experience this exceptional property, schedule your private showing today and make this dream home yours.
Source: STELLAR #A4641898
Financials
Source: Public records
Source: STELLAR #A4641898
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.
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 “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.
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