6116 7th Avenue Dr W, Bradenton, FL 34209
3 beds · 2 baths · 1,468 sqft sqft
Short Sale. BANK APPROVED SHORT SALE. Price Adjustment! Vacant and Easy to show! Every thing has been done to save buyers time, and inspection, wind mitigation, appraisal! Prime location with the ability to park your BOAT and have water access. Need RV parking? This property offers that too! Just 5 minutes from the stunning beaches of Anna Maria Island. All the necessary inspections, including 4pt and Wind Mitigation, are complete. Ideal for an investment property, a part-time residence, or a full-time home. Nestled in West Bradenton on a cul-de-sac, this charming home sits on over a third of an acre, offering a tranquil and serene setting. The backyard is perfect for outdoor enjoyment. The remodeled kitchen features shaker-style, soft-close cabinets, Fantasy Brown granite countertops, and white subway tile backsplash. Brand new appliances included. Privacy is ensured with a split bedroom floor plan. The living areas and bonus room boast wood-look flooring, while the bedrooms are comfortably carpeted in neutral/gray tones. An oversized two-car garage provides ample storage and workspace. The spacious fenced backyard, adorned with mature trees, has room for a pool and includes a large storage shed for lawn equipment and tools. No deed restrictions, HOA, CDD, or flood zone concerns. Conveniently located about 5 miles from Anna Maria Island and its beautiful beaches, close to the 59th Street Boat Ramp, GT Bray Park, Robinson Preserve, Geraldsons' Farm Market, numerous restaurants, retail options, hospitals, and more. Available furnishings include two lawnmowers: a self-propelled push mower and a riding mower. Roof from 2009, A/C and ductwork from 2014, water heater from 2016. Don't miss this opportunity—schedule a visit today! Furnishings are negotiable under a separate agreement.
Source: STELLAR #a4609409
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4609409
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: #a4609409
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.