912 62nd Street Ct W, Bradenton, FL 34209
3 beds · 2 baths · 1,992 sqft
**NEW ATTRACTIVE PRICE ADJUSTMENT**ASSUMABLE VA LOAN at 2.25 interest rate**Cozy 3/2/Den/Florida Room Single Family Home on 1992 Heated SqFt, located in the desirable, quiet and NO FLOOD ZONE Spanish Park neighborhood at NW Bradenton, about 10 minutes driving in between the West bound breathtaking Anna Maria Island Beach and the East bound exciting waterside Downtown Bradenton. At a short drive also the Manatee Memorial and the HCA Florida Blake Hospitals, the GT Bray Park, the Bradenton Country Golf Club, the IMG Academy, the Shopping and many delicious Restaurants; the Sarasota-Bradenton Airport is about 10 miles away. The property has been totally remodeled in *2015 including Kitchen, A/C, Electric Water Heater, Appliances (except washer & dryer), Bathrooms, Flooring, Painting. Also in *2016 New Fence, in *2021 Backyard and Driveway paved, in *2023 New Windows (except in the Florida Room) and New Garage Opening System, in *10/2024 a NEW MOTOR in the A/C central unit has been placed including a full entirely cleaning. The backyard features a delightful Gazebo built in 2015, a nice small water fountain, a Storage Shed and a luscious Avocado Tree! The Florida Room is under air conditioned and large enough to fit furniture and a Pool Table with the seller happy to convey to new owner! The Two Cars Garage has the Laundry Area with a convenient sink, a Side Door and an extended Workshop area or room for a Golf Cart. In case of power outage, the garage has a 220V cable that can be plugged into the dryer outlet and connected outside with a generator, in order to have the fridge, the stove, the lights and the ceiling fans worked out (A/C excluded). Book your showing today and enjoy the SW Florida Gulf Coast lifestyle at its best.
Source: STELLAR #a4585884
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4585884
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 45-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: #a4585884
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.