5630 3rd St W, Bradenton, FL 34207
5 beds · 4 baths · 3,100 sqft
This exceptional home has been remodeled and updated to offer modern living with lasting durability. Built with steel beams and reinforced concrete walls, this residence is both sturdy and termite-resistant. A standout feature is the expansive rooftop patio (roof deck), prepped for hot tub installation, perfect for enjoying the outdoors. Known for its strength, this home is one of the most hurricane-resistant structures in the area. Upgrades include custom wood cabinets, granite countertops, tile in all wet areas, and upgraded carpeting in the bedrooms and bonus room. The home has 4 bedrooms plus a bonus room, 2 full bathrooms, a half bath, and a dog house in the main building. With an in-law suite, it offers 5 bedrooms and 3.5 bathrooms in total, complete with a circular driveway. The master bedroom is conveniently located on the first floor. The open floor plan is both spacious and functional. Double doors lead into the large living and dining areas, while the family room features a fireplace and is pre-wired and plumbed for a wet bar. The kitchen is a chef’s dream, offering abundant storage, extensive counter space, and a central island. This home is not part of a subdivision, meaning no CDD fees and no HOA restrictions! Room dimensions are approximate; buyers should verify.
Source: STELLAR #a4631772
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4631772
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #a4631772
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.