6228 48TH AVENUE DR E, Bradenton, FL 34203
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!
You may be able to put down less than the total down payment amount of $393,067 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3542809
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.