5282 Grove Mill Loop, Bradenton, FL 34211
4 beds · 3 baths · 2,056 sqft
BETTER THAN NEW WITH THOUSANDS OF UPGRADES ALREADY DONE FOR YOU! SAVE THOUSANDS WITH AN ASSUMABLE 4.75% MORTGAGE AND LOW CLOSING COSTS! 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 sq ft 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 provide 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 REFRIGERATOR, 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.
Source: STELLAR #A4634796
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4634796
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.