7156 Melrose Pl, Bradenton, FL 34203
3 beds · 2 baths · 1,919 sqft
Welcome to your dream home in the distinguished Tara Golf and Country Club community of Bradenton! This charming 3-bedroom, 2-bath half-duplex features a private pool with serene conservation views. Recent upgrades include a new roof in 2024, newer kitchen appliances, a water heater added in August 2024, and a newer A/C unit. As a resident, you'll enjoy exclusive access to a championship golf course, with your monthly fees. Plus, a social membership provides access to a vibrant community lifestyle. Cable is also included for your convenience. Enjoy the convenience of being just 7 miles from Bradenton Beach and very near I-75 for easy commuting. Book your tour now to see the ultimate Florida lifestyle with this "maintenance-free" home, where relaxation meets luxury! Spend less time on upkeep and more time enjoying the golf course, clubhouse restaurant and bar, an indoor pickball court is coming soon, and countless other perks that make this community truly exceptional! Please see attachment for full breakdown of fee schedules and opportunities!
Source: STELLAR #L4951014
Financials
Source: STELLAR #L4951014
Source: Public records
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%. 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.
Other resourcesWhat 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.