405 48th St NW, Bradenton, FL 34209
3 beds · 2 baths · 2,175 sqft
The attainable dream of home ownership is a reality for many, but to find a home unlike any other, a home so unique and phenomenal that it fills both every desire and every need is rare. However, this home just so happens to offer that extraordinary reality. If a stunning three-bedroom, two-bathroom midcentury modern home that has been lovingly maintained and updated with custom and elegant finishes is on your bucket list, then look no further than this absolute showstopper. Upon entry, prepare to be wowed with the dramatic vaulted ceilings and stunning dark beams that offer the perfect contrast to the light, neutral aesthetics throughout. With a massive space, the living and dining rooms are totally open and allow the epitome of an entertainer’s dream. While a roaring fire may not scream Florida lifestyle, the breathtaking fireplace with a custom mantle and shiplap wall are sure to set the tone in the study. Perfect for decorating every holiday season, this is a unique room offering a respite and comfortable place to work from home or handle the challenge of homework. The kitchen has been updated to perfection. From sleek quartz countertops to striking herringbone tile backsplash, from beautiful light cabinets to modern appliances, no detail was left untouched. The master bedroom is the perfect retreat with ample space to unwind, and the custom closet is a sight to behold… Both secondary bedrooms are nice and spacious, and the bonus room offers a plethora of options; guest space, playroom, bar, your imagination is the only limitation. Extra storage space is no issue here with the attached garage and carport and ample closets. A few blocks from Riverview Boulevard and a short drive to Anna Maria Island and downtown Bradenton make this Northwest Bradenton location absolutely ideal. This uniquely rare gem is simply waiting for the next person to fall in love. Follow your heart home.
Source: STELLAR #a4629651
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4629651
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: #a4629651
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.