922 Mill Creek Rd, Bradenton, FL 34212
2 beds · 1 baths · 1,254 sqft
Boaters and nature lovers, this home is for you. This charming 2-bedroom, 1-bathroom private retreat is located on Mill Creek with direct access to the Manatee River and out to the Gulf. This property offers 65 feet of freshwater frontage, beautiful sunsets, an old Florida style atmosphere with mature trees and abundant wildlife. With no CDD or HOA and located near Lakewood Ranch, this home offers a unique blend of tranquility, convenience and the opportunity to use the property the way you choose. The private almost ½ acre fenced-in homesite features an 8x20 foot dock w/electric, water & Sodium Vapor utility light, plentiful fishing, as well as a boat/kayak launch and the chance to explore Florida's incredible wildlife right from your own backyard. You may see manatees, otters, owls, eagles, sand hill cranes, ducks, bass, snook or maybe even an alligator. The home is equipped with modern amenities, including newly installed Clear Vue hurricane windows & doors, a new commercial grade Grandiare 2-ton AC unit with warranty, a newer roof, updated 200 amp electrical panel, separate 30 AMP portable generator plug in, new seamless gutters w/leaf guard, new fascia & soffits and updated kitchen and bath, which were remodeled in 2018. The kitchen boasts wood cabinetry, beautiful granite countertops and stainless-steel appliances, while the bathroom offers new shower tile, toilet, vanity and fixtures. The 10x20 foot sunroom features two Hurricane sliding doors opening out to the grand backyard where you will find an oversized covered patio for relaxing evenings and plenty of outdoor space to host a cookout, play games, chill around the fire or simply enjoy the surrounding natural beauty of old Florida. Additional perks include an above-ground swimming pool w/all equipment, a canoe rack (w/ 1 canoe & 1 kayak included), two sheds by Lark—one with air conditioning, a 16 position fishing rod holder mounted underneath the porch ceiling, fire pit, fish cleaning station and more. With the unique offering of almost a half-acre lot, there is plenty of space outside to park a boat, motorhome or other toys. This non deed restricted property includes a 125 foot deep well with water softening system, as well as septic system that help to keep utility bills low. Experience a unique lifestyle that perfectly balances nature and modern comfort. This rare opportunity allows you to immerse yourself in the beauty of the outdoors and peaceful waterfront living, while still enjoying easy access to I75, Lakewood Ranch, Parrish, dining & retail, all within close proximity. No flooding or major storm damage last season. Call us for a private tour.
Source: STELLAR #A4640050
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #A4640050
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.