5114 60th Dr E, Bradenton, FL 34203
3 beds · 2 baths · 1,698 sqft
Seller is offering a $10,000.00 credit to Buyer at closing with an accepted contract. Minutes away from all of the world class shopping and dining at UTC Mall, this beautiful home has an open floorplan with 12-foot ceilings throughout the living area. The entrance way has ceramic tile, otherwise porcelain tile covers the floors in the family room and three bedrooms. The kitchen is spacious with plenty of cupboards and a pantry, a double sink and lightly used Frigidaire appliances. There is space for a breakfast nook, while the adjoining dining room makes a perfect spot for dinners with family and friends. The master bedroom is bright and airy, and the adjoining bathroom includes double vanities, a walk-in shower, tub and the large walk-in closet. The additional two bedrooms have spacious closets and share the second full bathroom. This home has been well maintained and has a newer A/C system and hot water tank. Outside is both a covered and uncovered lanai, looking out onto a fenced backyard; one side of the house is grassed, the other paved, and both are fenced in – ideal areas for dogs! Silverlake is a gated community with low HOA dues and no CDD fees, where neighbors are friendly and look out for one another. Close also to the beautiful gulf beaches, the Sarasota Airport, and many more exciting places to explore, the house sits right in the perfect location.
Source: STELLAR #a4626338
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4626338
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 30-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: #a4626338
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