7005 57th Ter E, Palmetto, FL 34221
5 beds · 3 baths · 2,889 sqft
Do you have a large household or simply need additional space? You are certain to love this 5-bedroom, 2.5-bathroom home situated on the largest and quietest cul-de-sac lot in the desirable Crystal Lakes II community! This two-story gem offers a layout that adapts to your needs, blending functionality, privacy, and comfort. Fresh NEW PAINT throughout the interior and brand NEW CARPET in all bedrooms/loft, and newer LVP in the main living areas make this home move-in ready. Upon entry, you’ll find a flexible room to the left, perfect for a home office, den, playroom, or additional living area. The main living space unfolds into an open-concept design, where the living and dining areas seamlessly connect to the kitchen. The kitchen features warm cabinetry, a floating island, and ample counter space, making it ideal for everyday cooking or hosting gatherings. The primary suite, tucked away in the back corner on the first floor, offers a private retreat with a walk-in closet and an en suite bathroom with dual sinks. A convenient half-bathroom for guests is also located downstairs. Upstairs, an enormous loft awaits – perfect for a game room, movie room, or additional living space. Four additional bedrooms provide plenty of room for family, guests, or hobbies. A full bathroom and a dedicated laundry room complete the second floor, making chores simple and efficient. On the first floor, sliding glass doors off the main living area lead to a private backyard with a patio featuring both concrete and brick pavers. The spacious yard offers endless potential for outdoor activities, entertaining, or relaxing in the Florida sunshine. Enjoy the amenities of Crystal Lakes II, including a playground and basketball court, while benefiting from quick access to I-75, shopping, dining, and entertainment. This home offers plenty of space to grow and the flexibility to make it your own – don’t miss out on this opportunity to settle into one of the area's most welcoming communities!
Source: STELLAR #a4632571
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4632571
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: #a4632571
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.