4917 16th Ave E, Palmetto, FL 34221
3 beds · 2 baths · 1,864 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Withstood multiple hurricanes without damage! 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.
Source: STELLAR #u8244333
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #u8244333
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.