5419 1st Ave W, Bradenton, FL 34209
3 beds · 2 baths · 1,598 sqft
Oasis!!!! This charming 3/2 home features a beautiful, secluded backyard oasis with breathtaking landscaping. It allows ample space for backyard fun and fully fenced allowing privacy! Very little maintenance needed with all rocks, pavers, and turfgrass. An added-on sunroom offers tremendous value for family gatherings. The kitchen features all new cabinetry, granite, open shelves, and even a beverage bar for entertaining. There is travertine tile throughout the home. Both bathrooms have been updated with new vanities and tile. Totally updated with new A/C (2025) including a new electric box, new solar panels, and new roof (2024). The savings on utilities bring an extra bonus to this property. Make this your dream home with some personal touches to this well sought out home. A prime location just under 7 miles from Anna Maria Island, offering easy access to beautiful beaches. There is no HOA or rental restrictions, making it perfect for bringing your boat or jet skis given this home is located just down from the 59th St Boat Ramp. The home is within short distance to shopping, dining and many other conveniences! Don't miss out on the opportunity to own this unique blend of history and modern living, coupled with proximity to outdoor recreational opportunities and coastal delights. Schedule your showing today and envision the endless possibilities awaiting you in this Northwest Bradenton Haven!
Source: STELLAR #A4639757
Financials
Source: Public records
Source: STELLAR #A4639757
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.