5622 BUNGALOW GROVE CT, Palmetto, FL 34221
HONEY STOP THE CAR!! Priced to sell!! Welcome to 5622 Bungalow Grove Court, a pristine gem nestled on an oversized corner lot in the heart of Palmetto, FL. This like-new home boasts meticulous maintenance, modern charm, and energy-efficient features, offering a perfect blend of comfort and sustainability. As you enter, you are greeted by an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas. The abundance of natural light showcases the sleek finishes and designer touches throughout the home. The spacious kitchen features stainless steel appliances, granite countertops, and bright lighting, making it a chef's dream while reducing energy consumption. The master suite is a true retreat, complete with a luxurious en-suite bathroom and a walk-in closet. The additional bedrooms are generously sized and perfect for family members or guests. Step outside to the expansive backyard, where you can relax and entertain in privacy on the lush corner lot. This energy-efficient home is conveniently located within easy access to several airports. Sarasota-Bradenton International Airport is just a short drive away, offering domestic and international flights. Tampa International Airport and St. Pete-Clearwater International Airport are also within a reasonable driving distance, providing additional travel options. In addition to its energy-efficient features and proximity to airports, 5622 Bungalow Grove Court is surrounded by a variety of points of interest. Enjoy shopping and dining at nearby outlets and restaurants, explore the beautiful beaches of the Gulf Coast, or take a short drive to vibrant cities like Sarasota and Tampa for cultural experiences and entertainment. Don't miss the opportunity to make this stunning and beautiful property your own!! Call today to schedule your private showing!!
You may be able to put down less than the total down payment amount of $106,902 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: #a4616258