4917 16TH AVE E, Palmetto, FL 34221
Tucked away in the serene Oak Manor subdivision of Palmetto, Florida, this property offers a delightful blend of rustic charm and modern convenience. Step into the expansive yard, where a versatile outdoor structure provides ample space for RV or boat parking, framed by the natural beauty of mature trees. The interior boasts a pristine, contemporary kitchen equipped with sleek black appliances, ample white cabinetry, and an inviting breakfast bar that beckons casual mornings and intimate gatherings. The screened-in pool area is a private oasis, perfect for leisurely swims and soaking in the tranquil surroundings. Additionally, a quaint outbuilding provides extra space for creativity or practical needs, all set within a generous, well-defined plot that emphasizes privacy and potential. Notably, the roof was replaced in 2022, ensuring peace of mind and added value. With the seller relocating for a new job, this creates an excellent opportunity for a new buyer to make this charming home their own. Palmetto, Florida, is a gem of the Gulf Coast, offering a rich tapestry of attractions and lifestyle amenities. The nearby Emerson Point Preserve provides a haven for outdoor enthusiasts with its lush trails and captivating waterfront views. History buffs will appreciate the Palmetto Historical Park and Manatee County Agricultural Museum, where local heritage comes to life. The city's vibrant downtown area features charming shops, eclectic dining options, and a lively arts scene, ensuring there's always something to explore. Palmetto's strategic location offers close proximity to Saint Petersburg and an easy drive to both Tampa International Airport and Sarasota Bradenton International Airport, making travel and commuting a breeze. Proximity to the stunning beaches of Anna Maria Island and the bustling activity of Bradenton further enhances the appeal, providing both relaxation and adventure. This unique property is your gateway to a harmonious blend of indoor comfort and outdoor splendor. Schedule a visit today to experience firsthand the allure of Oak Manor living in Palmetto, Florida. Don’t miss this opportunity to turn your dream home into a reality. Call now to book your private tour and envision the lifestyle awaiting you in this exceptional community.
You may be able to put down less than the total down payment amount of $79,450 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: #u8244333
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.