5340 AQUA BREEZE DR, Bradenton, FL 34208
New Roof & Recent AC Upgrade! Low HOA Fees & No CDD! This stunning 3-bedroom, 2.5-bath home in a gated community offers the perfect blend of comfort and modern living. With a brand-new roof and an AC system replaced in 2023, this home is ready for you! As you enter, you’re greeted by a two-story foyer that leads into an open-concept great room and kitchen. This inviting space is ideal for everything from morning coffee at the breakfast bar to hosting dinner parties. The home is set against a peaceful natural area with a serene pond view, ensuring privacy with no future construction nearby. Upstairs, the spacious primary suite features a walk-in closet and a private bath with a separate water closet. The upstairs laundry room adds convenience, while the versatile loft area can be customized as a TV/game room, play space, or cozy reading nook. An additional bonus room on the first floor is perfect for a home office or a quiet den. With neutral tones throughout, this home is truly move-in ready. The beautifully maintained landscaping adds to its curb appeal. Community amenities include a sparkling pool, a dog park, and reclaimed water for irrigation. Conveniently located near major routes, downtown Bradenton, I-75, and just 30 minutes from the beach, this home offers the ideal combination of nature, comfort, and convenience.
You may be able to put down less than the total down payment amount of $225,006 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: #a4614298