403 48th Street Ct W, Palmetto, FL 34221
3 beds · 2 baths · 1,400 sqft
PALMETTO POINT STUNNER!! HIGH and Dry! This 3 bedroom 2 bathroom 1 car garage, split level home is ready for its next owner! With NO HOA, NO CDD, and NO Deed Restrictions, this prime location in the highly desirable community of Palmetto Point will leave you with the freedom you are craving. ROOF is 2017, and the mini split downstairs was replaced in 2022! WHOLE HOUSE WATER PURIFICATION system newly installed, giving you and your family peace of mind! The refrigerator and microwave are BRAND NEW as well! When you enter this gorgeous home, you are greeted with an abundance of natural lighting, an open floor plan, and an IMPACT SLIDER door. The kitchen is fit for a chef, with beautiful Spanish tile work on an expansive island. The primary bedroom is located upstairs and the second bedroom is right next door, making this the perfect nursery, or GAME ROOM as the current owner has it. The primary bathroom has a huge garden tub, and ample vanity space. The second bathroom has a standup shower, along with additional closet space and a NEW vanity. The 3rd bedroom downstairs is the largest, and offers the versatility to be a bedroom, den, game room, or gym! One of the highlights of this BEAUTY is the back yard! Fully fenced in, with an expansive deck, perfect for watching the INCREDIBLE sunsets that Palmetto Point has to offer! The kids will LOVE the tree-house playground! Palmetto Point is a HIGHLY desirable community, both for families, and SHORT TERM RENTAL READY! NO permit needed! A hop, skip, and a jump, from Terra Ceia Bay, BEST FISHING IN THE COUNTY, and dolphins jumping down at the boat ramp. NO BRIDGES to open water! For a small fee, you can enjoy the association amenities, including the community boat ramp, dog park, and clubhouse. Conveniently located within 30 min of THREE AIRPORTS, numerous shops, restaurants, the FAMOUS GULF BEACHES, and UTC Mall. Schedule your showing today! This one will not last!
Source: STELLAR #w7870306
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7870306
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: #w7870306
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.