1719 12th St W, Palmetto, FL 34221
4 beds · 2 baths · 1,404 sqft
This is a great location across the street from Hidden Lake Park. The backyard offers an extended paver patio The fully-fenced property includes magnificent oak trees, a large open patio, a workshop, and plenty of additional storage space. NO HOA. NO CDD. Beautiful 4BR/2BA family home with large fenced in backyard & mature trees awaits you! Roof 2020, new privacy fence 2024. Laminate floor throughout. This friendly neighborhood is just steps from the charming downtown with parks, restaurants, Regatta Point Marina, and the Manatee River. Bike to Emerson Point Preserve & enjoy nearby top-rated beaches like: Anna Maria Island / Holmes Beach, Bradenton Beach, #1 rated Siesta Key Beach, or Terra Ceia Island on the south shore of Tampa Bay, both just a short drive away. An easy commute to downtown St. Petersburg or Sarasota (only 20-25 minutes) with quick access to Tampa via I-75. This home is also minutes from nature & wildlife preserves, antique & collectible shops, museums, fishing, boating excursions, marinas, & golf courses. There's so much to explore, see, & discover. This beautiful 4 bedroom, 2 bathroom home has an updated kitchen & lots of natural light. The eat-in kitchen is perfect for entertaining guests &/or spending time with family This property is located blocks away from the Manatee River, minutes from the Gulf Beaches and provides convenient access to I-75, US 41 & US 19.
Source: STELLAR #a4613661
Source: STELLAR #a4613661
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: #a4613661