5614 Garden Lakes Dr, Bradenton, FL 34203
2 beds · 2 baths · 2,176 sqft
Nestled in a charming 55+ gated community, this beautifully updated villa offers a perfect blend of comfort, convenience, and an active lifestyle. With mature landscaping, scenic walking trails, and a host of amenities, every day feels like a vacation in Garden Lakes. Step inside to discover an inviting open floor plan with vaulted ceilings and an abundance of natural light. The eat-in kitchen boasts a new sink & faucet, stainless steel appliances, and a convenient breakfast bar—ideal for casual dining or entertaining guests. This home offers multiple living spaces, including a formal dining area, a living room, and a family room with high ceilings and bright skylight. The screened lanai adds even more flexibility, serving as a quiet retreat for morning coffee or a peaceful space to unwind with a good book. The owner’s suite is a true sanctuary, featuring a generous walk-in closet, updated vanity with dual sinks, and direct access to the lanai. The home’s private guest suite is complete with its own full bath and pocket door for added privacy, ensuring a comfortable stay for your visitors. Enjoy maintenance-free living with modest fees covering landscaping/ lawn care, irrigation, exterior painting/ pressure washing, cable TV, internet, trash pickup, security gate, and amenities galore. The vibrant community offers an updated clubhouse with a full kitchen, dance floor, meeting rooms, and a library. You’ll enjoy staying active with a giant heated pool, fitness center, pickleball and tennis courts, shuffleboard, and a lively social calendar bursting with fun events and activities. Perfectly situated between Bradenton and Sarasota, Garden Lakes provides easy access to excellent shopping, dining, medical facilities, I-75, and the stunning Gulf Coast beaches. Whether you prefer exploring the arts and culture scene, hitting the golf course, or simply enjoying the sunshine, this location has it all. Don’t miss this opportunity to embrace Florida living at its finest! Schedule your private showing today.
Source: STELLAR #A4643653
Send questions to support@withroam.com
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #A4643653
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.