3903 61st Ave E, Bradenton, FL 34203
3 beds · 2 baths · 2,429 sqft sqft
Discover your perfect sanctuary at 3903 61st Ave. E., located in the highly sought-after Barrington Ridge community of Bradenton, Florida. This elegant 3-bedroom, 2-bath residence offers over 2,400 square feet of exquisite living space, with 2 bonus spaces, ideal for both relaxation and entertaining. As you enter, you’ll be captivated by the light-filled open floor plan, where the spacious living room flows seamlessly into the dining area and gourmet kitchen. The kitchen is a chef's delight, featuring modern appliances, ample cabinetry, and a generous island that’s perfect for casual dining or hosting gatherings. The serene master suite is a true retreat, complete with an en-suite bath boasting dual vanities and a luxurious soaking tub. Two additional well-appointed bedrooms provide comfort and versatility, with a bonus area making this home perfect for families or those needing extra space for guests or a home office. Set on a desirable corner lot, the property features beautifully landscaped grounds, offering plenty of outdoor space for play and relaxation. Enjoy the community's family-friendly amenities, including a sparkling pool with slide and playground that foster a sense of belonging and provide endless fun for all and neighbors alike. Located within a highly rated school district, this home is ideal for families seeking educational excellence. With convenient access to shopping, dining, and recreational opportunities, you’ll enjoy the best of Florida living in Barrington Ridge. Don’t miss your chance to make this elegant property your new home. Schedule your private tour today! Buyer and Buyers Agent to verify all information including HOA information and room measurments.
Source: STELLAR #a4620116
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4620116
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4620116