6207 27th St E, Ellenton, FL 34222
3 beds · 2 baths · 1,752 sqft
NEW PRICE & PHOTOS! Rarely Available Lakefront Gem in Bougainvillea Place, Ellenton Discover this spacious, single-family home in the highly sought-after maintenance free, gated community of Bougainvillea Place. This beautifully maintained 3-bedroom, 2-bath residence offers the perfect blend of comfort, style, and Florida charm. Key Features: Stunning Lake & Fountain Views: Relax or entertain on the expanded screened lanai, your private oasis with breathtaking water views. Desirable Split Bedroom Floor Plan: Offers privacy and functionality, ideal for families and guests. Open-Concept Living: Gracious, light-filled spaces with high ceilings, crown molding, and luxury finishes throughout. Quality Craftsmanship: Tile floors, upscale details, and solid construction, designed for lasting appeal. Community Highlights: Bougainvillea Place is an established, close-knit community with limited turnover, ensuring a stable, welcoming environment. Enjoy the resort-style amenities, including: Inviting clubhouse, fitness and heated community pool—perfect for socializing Gated security for peace of mind Rental caps to maintain neighborhood stability Prime Location: Conveniently situated off the US-301 and I-75 corridor, you're minutes from: Ellenton Premium Outlets for top-tier shopping Dining & Entertainment options galore Heritage Harbour Marketplace: Costco, Academy Sports, and soon-to-open Target, Whole Foods, and Hobby Lobby Quick access to the booming developments in Parrish Whether you're commuting, entertaining, or simply enjoying the Florida lifestyle, this home offers it all. Don't miss the opportunity to live in a vibrant, established community where every day feels like a vacation. Seller is offering a one year home warranty of Buyer's choice with acceptable offer. Schedule your private tour today—this rare find won't last long!
Source: STELLAR #A4639038
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #A4639038
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.