710 16th Ave E, Palmetto, FL 34221
3 beds · 3 baths · 2,230 sqft
Serene WATERFRONT LIVING in Sanctuary Cove! Welcome to this exquisite GATED community perfectly nestled along the picturesque Manatee River, offering unrivaled access to the Gulf of Mexico. This stunning WCI-built San Remo model home is a dream come true for those seeking a luxurious WATERFRONT LIFESTYLE. Built with safety and convenience in mind, this home features Hurricane Impact windows and doors, full Gutters and a long-lasting, Stylish Barrel Tile Roof! Once you step inside the bright and airy open floor plan, you realize that indoor and outdoor living blend seamlessly! This home provides the epitome of Florida Living! The spacious living area is bathed in natural light and ideal for entertaining friends and family or enjoying a tranquil night in. This thoughtfully updated home features upscale finishes and modern amenities at every turn, including a smart home system and a tankless hot water heater for convenience and efficiency. Step outside and dive into your heated private pool or lounge taking in the scenery providing the perfect sanctuary for relaxation and sunbathing. The expansive screened lanai is ideal for evening gatherings, while the gourmet outdoor kitchen, complete with a grill, cooktop, fridge and vented exhaust, is a chef’s delight. For boating enthusiasts, the property boasts a 10,000 POUND BOAT LIFT and a convenient WALK-OUT DOCK, providing direct access to the tranquil waters of the canal and beyond. With quick access to the Gulf, spend your days exploring pristine beaches, fishing, and soaking up the sun on the open water. Sanctuary Cove is a GOLF CART FRIENDLY community that features a PRIVATE MARINA, RESORT-STYLE CLUBHOUSE AND POOL, HOT TUB, GYM and BEAUTIFUL COMMUNITY BEACH, allowing for leisurely days spent at the water’s edge or cruising the scenic neighborhood. This home is not just a property; it's a gateway to an extraordinary life by the water, enveloped in the serenity of this beautiful community. Don’t miss out on this unique opportunity to own a slice of paradise. Schedule your private tour today and envision your new life in Sanctuary Cove!
Source: STELLAR #TB8325992
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8325992
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.