6228 48th Avenue Dr E, Bradenton, FL 34203
5 beds · 5 baths · 3,138 sqft
Are you looking for a community with NO HOA, NO CCRs, NO CDDs, and over an acre of land with no rear neighbors? Look no further—this property offers it all. Just minutes west of I-75 off SR-70, this exceptional 5-bedroom, 4.5-bath home is set on a picturesque 1.24-acre vinyl-fenced lot, offering the perfect mix of tranquility and convenience. Surrounded by majestic mature oaks and lush landscaping, this property is a true Florida oasis. Inside, every bedroom comes with its own walk-in closet, providing abundant storage for your family. The kitchen, recently upgraded with beautiful all-wood cabinets, quartz countertops, and refinished pine wood floors, features a spacious central island that’s perfect for cooking and gathering. The kitchen opens up to a formal living room, dining room, and a large laundry room, with an adjacent half bath for added ease. The home also offers a cozy living room with new carpet, updated bathrooms with luxury vinyl flooring, and fresh interior paint 2024 and exterior paint 2021. The primary bedroom, along with the second and third bedrooms, are all conveniently located on the main floor, each featuring its own private bathroom and spacious closet. Outside, enjoy the inviting screened lanai or relax on the expansive front porch, where you can savor the beauty of Florida living. Additional features include a large 30x24 2-car detached garage/workshop, a new roof installed in 2020, a new septic tank and lift station from 2019, and the security of a full Terminix fumigation in 2022, along with annual inspections, the most recent completed in July 2024. This property is more than just a home—it’s a lifestyle that’s ready to be yours. Don’t miss out on this rare opportunity!
Source: STELLAR #t3542809
Source: STELLAR #t3542809
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: #t3542809
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.