924 PRESERVATION ST, Bradenton, FL 34208
Welcome Home to Tidewater Preserve, a luxury boating community in the heart of Bradenton. This 3 bedroom, 2 bath home is perfect for entertaining or escaping it all. Upon entering, you are enchantingly lured toward the crystal blue waters of the private heated pool and spa. Fountains cascade down into the sparking blue saltwater capable pool. Complete with retractable Sunbrella awning for shade on a warm day. A handsome outdoor kitchen evokes thoughts and scents of afternoon barbecues. A grand open floor plan invites you indoors to view expansive rooms adorned with tray ceilings, engineered hardwood floors and granite countertops. Pour yourself a glass of wine on a stormy night and rest easy, knowing that you are safe and sound behind hurricane impact windows and doors. Soak you cares away in the garden tub before drifting off to sleep in this stately primary bedroom. When you awaken from a long night of slumber, you will have absolutely no excuse for boredom! In this maintenance free community, you will find three refreshing pools, two clubhouses, a billiards room, two fitness centers, three lighted Har-Tru hydro tennis courts, a playground, dog park, a marina with annual slip rentals and boat lift, as well as a kayak launch with rentable kayak storage. Or... you can quiet your mind in the nature park and follow a winding trail that leads you to where the water kisses the sky at the Manatee River Overlook. Tidewater Preserve is just 15 miles to the award winning, powdery soft beaches of Anna Maria Island. Come and fall in love with this home and its community today!
You may be able to put down less than the total down payment amount of $269,596 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: #a4621039