907 136TH ST E, Bradenton, FL 34212
Looking for a beautiful property with more than one acre lot size with gorgeous lake view, 4 bedrooms, 2 bathrooms, all floors covered with laminate and there is no carpeting. The new roof was installed June 2024 and new air conditioning system in April 2024 , new water heater 2022. Impact windows except the picture windows. Entering the long driveway, you will notice the large size of the lot with detached two oversized garage and also with attached one and a half car garage and one covered carport, mature trees superb privacy provided by lush landscaping, fruit trees in a natural setting with gorgeous lake view. Getting into the home with spacious open floor plan and high cathedral ceiling, wood burning fireplace, French door, and looking at the fantastic lake view from inside the kitchen with stainless steel appliances. The large fenced backyard, plenty room for RV's or boat parking with the approval by HOA. Enclosed lanai area with heated pool is so peaceful and invites anyone to enjoy the Florida lifestyle. Mill Creek is a highly desirable community known for estate size lots, and for its excellent rated schools, low HOA fees and NO CDDs. Located conveniently minutes distance to Lakewood Ranch and to shopping, restaurants, major highways and about half an hour driving distance to famous beaches.
You may be able to put down less than the total down payment amount of $345,083 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4622579