4839 Turtle Bay Ter, Bradenton, FL 34203
4 beds · 2 baths · 2,236 sqft
Price Reduced! Immaculate Pool Home in Prime Location! Assumable mortgage at a 2.25% interest rate for qualified buyers. Additional details upon request. Discover this beautifully updated home, perfectly situated near shopping, pristine beaches, and just minutes from downtown Bradenton, Sarasota, and Lakewood Ranch. Inside, you’ll find a range of modern upgrades, including luxury vinyl tile flooring, fresh interior paint (2024), and newly installed toilets and sinks (2024). Many hurricane-rated windows and a sliding door enhance both safety and energy efficiency. The home also features a new water heater (2024) and a whole-home water filtration system. The spacious kitchen offers ample cabinet space, while separate family and living rooms provide flexibility for entertaining or quiet relaxation. An additional bonus room, currently used as an office, could easily serve as a 5th bedroom or flex space to suit your needs. Designed for comfort and convenience, the split-bedroom layout places the primary suite on the east wing, complete with a garden tub, upgraded glass walk-in shower, dual vanities, and a large walk-in closet with custom shelving. The west wing features three bedrooms sharing a second bathroom, which also functions as a pool bath. Step outside to your private backyard oasis! The oversized custom pool, enclosed in a freshly painted black cage with new screening, overlooks a fully fenced yard—perfect for pets or outdoor activities. Key Upgrades & Features: Newer roof (2020) HVAC (2018) New water heater (2024) interior & exterior paint (2020) Hurricane-rated windows & door Low HOA & no CDD fees! Located in the desirable Sabal Harbour community, residents enjoy fantastic amenities including a clubhouse, resort-style pool, basketball & tennis courts, and a playground—all with a low HOA fee. Don’t miss this incredible opportunity—schedule your showing today!
Source: STELLAR #A4642196
Financials
Source: Public records
Source: STELLAR #A4642196
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.