5282 GROVE MILL LOOP, Bradenton, FL 34211
SAVE THOUSANDS WITH AN ASSUMABLE 4.75% MORTGAGE! LOW CLOSING COSTS AND THOUSANDS IN UPGRADES ALREADY DONE FOR YOU! This well-maintained home, nestled in a vibrant and friendly community, offers a blend of comfort and convenience that caters to every facet of modern living. With a generously sized 2056 sqft layout, this home features 4 bedrooms and 2.5 bathrooms, providing ample space for families, entertainers, and home office enthusiasts alike. The interior of the home is illuminated by natural light, showcasing the beautiful PLANTATION SHUTTERS that offer both privacy and style throughout. The attention to detail is immediately apparent, with high-value upgrades including a WHOLE HOUSE WATER FILTRATION SYSTEM, ensuring pristine water quality for you and your loved ones. The heart of the home is the kitchen, which boasts modern appliances such as a NEW WHIRLPOOL REFRIGERTOR, complemented by cabinets with crown molding, a walk-in pantry, tiled backsplash, and breakfast bar seating. It opens up to a spacious living area, complete with sliders that lead out to a SCREENED LANAI - the perfect setting for relaxation or entertaining guests. The primary suite is a true retreat, featuring a tray ceiling, recessed lighting, and an ensuite that promises to be your own personal spa. Additionally, the property enjoys the benefits of a maintenance-free yard, front gutters, a sink in the garage for convenience, and hurricane shutters for peace of mind. Living here means you’re also part of a fantastic community with access to a pool and playground, perfect for fun days without leaving the neighborhood. Don't miss the opportunity to create endless memories in this beautiful home, where every detail has been considered for your utmost comfort and convenience.
You may be able to put down less than the total down payment amount of $36,866 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: #a4614254