12198 LONGVIEW LAKE CIR, Bradenton, FL 34211
Welcome home to your beautiful, lakefront home in the highly desirable, gated community of Central Park in Lakewood Ranch. Three bedrooms + den/office, two full baths and a great room floor plan - no wasted space. With plenty of bright natural light, this open floor plan is perfect for entertaining - a spacious kitchen featuring white cabinetry, stainless appliances, a gas cooktop, quartz counters, stylish backsplash, above/below cabinet lighting and a large island. Upgrades include plantation shutters, beautiful tile throughout the main living space, tray ceilings and custom closets in each bedroom. The primary bedroom offers a lake view, dual vanities and a large glass-frame shower. A dedicated laundry room includes cabinets, a workspace and a utility closet. No neighbors behind you, private lanai overlooks the lake. *HOA COVERS: Gated Community, Community Manager, Common Grounds Maintenance, Trimming & Irrigation, Park & Pavilion, 2 Dog Parks, Playground & Splash Pad, Tennis Courts, Sports Field, and Social Events. *LOCATION: CENTRALLY LOCATED. Just outside the gates are A rated schools : Gullett Elementary, Lakewood Ranch High School, Mona Jain Middle School, LECOM, & Manatee Tech East Campus. Minutes to shopping, tons of restaurants, grocery stores, gyms and salons. Close to Lakewood Ranch Main Street, plenty of walking trails and parks, Lakewood Ranch Hospital and not far from I-75, The Bradenton/Sarasota International Airport, University Town Center and top rated beaches. Come and live the Florida lifestyle that you have always dreamed of.
You may be able to put down less than the total down payment amount of $170,364 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: #a4621112