604 166th St E, Bradenton, FL 34212
4 beds · 3 baths · 2,810 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Larger Lot Living in Rye Wilderness Estates. Step into this spectacular Valencia floor plan in this sought after neighborhood of Rye Wilderness. Excellent paver drive and walk up to the cover front porch and entry. Walking in, you will find the formal dining room/flex room on your right, down the hallway the home opens up to the grand open floor plan with expansive living room looking out to the supreme lanai area, an incredible gourmet kitchen with large island, top of the line Stainless Steel Appliances, solid wood cabinetry with pull outs, granite counter tops, back splash, under cabinet lighting, decorator vented hood to the outside, and the pantry shelves offer additional space for storage. Additionally, a larger nook for long dining/flex area also looking out to the amazing outdoor oasis with gorgeous salt water pool, spa, sun shelf, fountain, travertine in this most amazing setting, yard with well-planned landscaping and completely fenced closure to the backyard. The covered lanai has storm smart hurricane screens, the front of the house has hurricane impact windows and the sides have the easy close shutters for simple protection. Luxurious master bedroom suite with larger master bath, frame less shower and split vanities with a plethora of storage. The larger master California style walk-in closet with natural light. Split floor plan has enclosed shared bath for bedrooms two & three and direct larger pool bath for bedroom four, which is being use as an office and has a wall shelving unit with decorative fireplace. Mud room has cabinets and counter space from the garage entry. Laundry/utility room has additional cabinets for even more storage. Gutters around the house. Rye Wilderness Neighborhood is a welcoming community with half acre lots, low HOA and No CDD. Community offers a park, picnic table, to closure dog park and playground, as well as walking trails. Close to some of the best beaches in the U.S., shopping, fishing, river for canoeing/kayaking, golf and dining. Equally between St. Pete and Sarasota, with Anna Maria Island and Holmes Beach as its direct beach. Just north of Lakewood Ranch and simple store needs close, including Costco ten minutes away. Peaceful Place to call your forever home. Outdoor Lanai furniture conveys with the house, as well as brand new generator that’s in the box in garage
Source: STELLAR #A4644696
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 #A4644696
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 and Equal Opportunity Act.