4138 70TH STREET CIR E, Palmetto, FL 34221
One or more photo(s) has been virtually staged. ***PRICE IMPROVEMENT*** Step into this delightful 3-bedroom, 2-bathroom oasis that offers a blend of comfort and functionality. You'll feel like royalty with a roof so NEW it practically has that 'new roof smell,' installed in February 2024 for that extra peace of mind. In the kitchen, wave goodbye to water worries with a Reverse Osmosis system at the sink, ensuring your drinking water is as pure as your intentions. And rest easy knowing your castle is protected by a Brinks security system, because even knights need their beauty sleep. Prepare to be wowed by the kitchen's ample cabinet space and beautiful Corian countertops, fit for a culinary king or queen. The primary bedroom isn't just a room—it's a sanctuary with not one, but two spacious closets. It beckons you to indulge in a spa-like experience in the whirlpool bath. Separate shower space and a private water closet complete the royal treatment. Venture outside to the lanai, a fully enclosed space where the breeze flows freely and the possibilities are endless. With electricity at your fingertips, you can enjoy lighting, ceiling fan, television, and even cable—because who said outdoor living can't be luxurious? The backyard is your personal kingdom, fully fenced for privacy and large enough to host epic gatherings, furry friend frolics, or your very own coronation ceremony. And with space fit for an in-ground pool, you can turn your backyard dreams into reality! Located close to beaches and waterways but safely outside of flood zones, this home offers the best of both worlds. Conveniently located just off I-75, you’re perfectly positioned for easy jaunts to both St. Petersburg and Sarasota. So, grab your scepter and make your move—your happily ever after awaits!
You may be able to put down less than the total down payment amount of $50,240 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #u8246035