8283 47th Street Cir E, Palmetto, FL 34221
3 beds · 3 baths · 2,034 sqft
One or more photo(s) has been virtually staged. Step into this stunningly remodeled home, where luxury meets comfort! From the moment you enter, you'll be captivated by the gorgeous tile flooring and grand living room ceiling, enhanced by skylight windows that create a bright, open, and airy ambiance. The newly designed chef’s kitchen features an open-concept layout, neutral light quartz countertops, custom wood cabinetry, and Smart Samsung stainless steel appliances, perfect for modern living. The spacious first-floor master suite welcomes you with elegant French doors, while the master bath boasts his-and-hers sinks, new countertops, and sleek waterfall faucets. Upstairs, you’ll find two additional bedrooms, a bathroom with dual sinks, two linen closets, and an open loft—ideal for family gatherings or entertaining guests. Convenience is key with a downstairs laundry room equipped with a wash sink, washer/dryer, and generous under-stair storage. The two-car garage features a newly finished epoxy floor, adding durability and style. Located in a charming, quiet community, residents enjoy access to a friendly neighborhood pool, LOW HOA fees, and NO CDD fees! This home is walking distance to shopping, dining, top-rated schools, and parks—plus, it’s just minutes from the exciting new Aqua Lagoon and future developments! Don’t miss the chance to make this dream home yours!
Source: STELLAR #O6279441
Financials
Source: Public records
Source: STELLAR #O6279441
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.
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 “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.