8348 9th Avenue Ter NW, Bradenton, FL 34209
3 beds · 3 baths · 3,044 sqft
Get a free consultation call with an expert in the mortgage assumption process.
~ NW BRADENTON LAKEFRONT HOME ~ There are so many amazing features to explore in this gorgeous cul-de-sac home! Enter the grand foyer that leads to the family room showcasing a newer $23K built-in housing a wine refrigerator and JennAire coffee system where you can indulge and delight your senses with specialty cappucinos, lattes and frothes. Higher ceilings, a wood burning fireplace and ample space for your furniture make this area incredibly cozy and inviting. You'll have over 3000 sf of living area featuring 3 bedrooms, 3 full bathrooms, a Study, a large breakfast nook and a formal dining room. Multiple sets of French doors lead to the caged saltwater heated pool and expansive covered patio and deck areas. Entertaining friends and family will be so effortless with all the inviting lounging areas surrounding the pool. Low maintenance native landscape has been enhanced with river rock, landscape lighting and slate pathways. Several private sitting areas can be found all around the perimeter of this home including a firepit seating area and table overlooking the natural lake creating a very charming ambiance. The captivating lakeviews that nature provides of the Rosetta Spoonbills, waterfowl and nesting turtles are absolutely absorbing. You'll also own a portion of the lake! The Primary Suite is a retreat all of its own with French doors and windows providing wonderful natural lighting inviting the outdoors in. The closet space is truly unbelievable with an incredible amount of room for all your items. Custom upgrades abound everywhere with upscale Lyteworks stunning chandeliers that come with dimmers. Enjoy the advantages of already having a $5K Halo Water Filtration System, Ring system, $50K kitchen makeover, $65K landscape upgrade, 2017 $27K roof, $30K A/C for two 2022 zones, $25K for appliances, $7k exterior paint, $5K interior paint job in 2023, $5k newer shed, 2022 sprinkler pump, irrigation system, $10K new pool cage with new screws and braces reinforced to hurricane standards and $18k for stunning primary suite bathroom cabinetry that includes a fluted glass shower door .... WOW .... no expense has been spared in maintaining this very special residence. Almost all the furnishings including artwork and the $6400 newer flat screen tv with a sound bar and Sonos sound system are available. This 1/2 acre property does not allow short term rentals, is deed restricted and has $290 annual fees and is in a non-flood zone. Be sure to view the Matterport Tour!
Source: STELLAR #A4638320
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4638320
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.
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.
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.
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.
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.
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.