6203 93rd Street Cir E, Bradenton, FL 34202
3 beds · 3 baths · 2,320 sqft
Auction Property. ***UPDATED - 09/24/2024*** Are you in the market for a home that promises both challenge and opportunity? Look no further! Nestled in the charming neighborhood of Braden Woods, this 2,320sqft 3 Bedroom 3 Bathroom Pool Home on 1.2 Acres offers endless potential for those with a vision and a passion for renovation. From the moment you lay eyes on this home, you’ll see that it’s more than just a house—it’s a canvas waiting for your creativity. This property is the perfect foundation for a renovation enthusiast or a savvy contractor/investor looking to add value. Embarking on a renovation journey is both exciting and rewarding. With this property, you’re not just buying a house—you’re investing in a vision. By focusing on its strengths and addressing its challenges, you can transform this diamond in the rough into a stunning, personalized home that stands out in the neighborhood. If you’re ready to take on a renovation project that promises both potential and satisfaction, this home is waiting for you. Embrace the challenge, unleash your creativity, and turn this property into the dream home you’ve always envisioned. Located in a desirable area adjacent to Lakewood Ranch, this home offers the best of both worlds: a peaceful setting with convenient access to attractive amenities a short distance away. <br> <br> This property will be Auctioned Online Only. The Price being advertised SHOULD NOT be an indicator of what the property could sell for and is for advertising purposes ONLY. There is no minimum auction start price. Property is being Sold As Is without the Inspection Contingency nor Financing Contingency. Each bidder should complete their inspections prior to bidding. Each bidder will need to Register with the online auction to be able to submit their bids online. REGISTRATION FOR ONLINE AUCTION is OPEN. <br> <br> The live ONLINE AUCTION WILL START on SEPTEMBER 20th and run until SEPTEMBER 28th at 8:00PM. Deposit is due MONDAY September 30th, 2024 to Seller's Attorney, and the AS IS Purchase Agreement will be signed within 24 hours of Auction ending. Contact the Listing Agent to schedule INSPECTION of the property BEFORE the bidding ends and for directions to access the online auction for registration and the ability to submit your online bids. <br> <br> All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Permit Info & Plans available upon request.
Source: STELLAR #a4619837
Source: STELLAR #a4619837
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: #a4619837