7240 Hamilton Rd, Bradenton, FL 34209
3 beds · 3 baths · 1,520 sqft
ST PATRICKS DAY 10 GRAND PRICE ADJUSTMENT!! Seller said bring all reasonable offers. Come see what this stunning community has for everyone in your family including pets. Maintenace free living at it finest here at Palma Sola Trace. This beautiful unit is the Carlisle townhouse unit, which is one the largest floor plan in the community. As you enter through your landscaped shaded walkway, you are greeted with an open concept dining and living room combo just off kitchen area. Joining the garage for easy entry to this beautiful unit. Screened Laini off Living room that's sure to please, tranquil stream just out your back door. And wildlife is absolutely beautiful, while enjoying your am coffee, or evening adult beverage. Galley kitchen with granite, all wood cabinetry and stainless-steel appliances. You also have a nice size pantry for all your kitchen needs. 1 car Garage is conveniently located off kitchen, with additional tandem parking spot with extra guest parking, as well as guest parking across street. Upstairs you will find Primary bedroom and bath with large walk-in closet. Updated Primary bathroom, Single vanity with granite counter. additional 2 bedroom and bath are at end of hallway. Giving extra privacy. Both nice size bedrooms with shared bathroom, tub and shower combo, with granite counters. Both additional bedrooms are large enough for queen beds and furniture. Laundry is located upstairs as well, HOW awesome is that.! So, no tugging laundry up and down the stairs. Convenient location to shopping dining, and just minutes to the world-famous beaches of Anna Maria Island. Community pool, Pet friendly community. Perfect for a seasonal or full-time resident.
Source: STELLAR #A4606700
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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 #A4606700
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.