907 136th St E, Bradenton, FL 34212
4 beds · 2 baths · 2,000 sqft sqft
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. New pool pump Sep 2024. 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.
Source: STELLAR #a4622579
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4622579
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 30-day close.
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.
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.
MLS ID: #a4622579
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.