5949 225th St E, Bradenton, FL 34211
5 beds · 3 baths · 3,883 sqft
BUYERS: Proof of Funds or a Pre-Approval is required for a showing request to be approved. Welcome home. This home was beautifully renovated in 2021 inclusive of kitchen and bathrooms featuring quartzite counters and wood look ceramic tile throughout the entire first floor. Neutral, professionally painted throughout, this turn-key, custom colonial pool home is situated on 9.88 acres of agricultural zoned land featuring a fully paved driveway, 5 bedrooms, 3 bathrooms, 2.5 car garage and includes what could be an auPair or In-Law Suite (or a bonus room with private bedroom & bathroom) on the 2nd floor. Cozy up in front of the gas fireplace on cool winter nights or cool off in the beautful saltwater pool w/hot tub that was built in 2022, enclosed within a massive multi level lanai/porch area perfect for relaxing, entertaing and BBQ's. This home has a fully air conditioned kennel with running hot and cold water. In-home business opportunities **separate exterior entrance** include: boarding, breeding, hair salon or barber shop. This property has a MASSIVE unfinished walk in attic that could be finished or used for storage. The propoerty also houses multiple out buildings and a beautiful pole barn (warranty is conveyable to new buyers - being sold **AS IS**). Additional features: August 2020 ROOF Replaced, May 2023 POLE BARN Built, September 2020 POOL Built, May 2022 Encapsulation of Crawl Space, April-August 2021 FIRST Floor Renovations, 2 - tankless hot water heaters. Quiet close garage door opener, washer & dryer and all kitchen appliances convey with property. **No HOA** **No CDD** **No Restrictions for RV's, Boats**
Source: STELLAR #A4646835
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4646835
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.
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.
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.
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.
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.
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.