2215 39th St W, Bradenton, FL 34205
3 beds · 2 baths · 1,948 sqft
If you've been searching for a 3 bedroom 2 bath POOL home in West Bradenton then you'll definitely want to see this lovely Pine Lakes lakefront home that rests on .45 of an acre. This is such a great opportunity to become the new owner of this very special home where you even own a portion of the expansive lake and can install your own dock with County approval. This split floor plan has been carefully thought out offering a Formal Living Room, Dining Room and a separate comfortable Family Room showcasing a cozy wood burning stone fireplace. The updated kitchen which overlooks the beautiful lake and swimming pool has granite countertops, tile backsplash, wood custom European taller cabinetry, canister LED lighting, a pantry closet, barstool counter, double oven, blind corner pullout cabinet shelving, flat cooktop, pendant lighting, stainless steel workstation sink that includes a basin rack, colander and cutting board, coffee station, newer appliances, soft close drawers/cabinets, pull-out wood shelving, window viewing the water and double sliders that retract into the wall accessing the lanai.... it's so nice!!! Extras include wood blinds and 6" baseboards in the main living areas. The Primary Suite opens to the lanai through a single slider door and includes duette shades and 2 walk in closets totaling 19' x 6' offering PLENTY of storage space for your belongings. The 18 x 11 bathroom, which has been perfectly updated, has bench seating and grab bars. Venture outdoors to your caged sparking pool and 43 x 14 covered lanai with three ceiling fans, where you can enjoy entertaining family and friends and take in those beautiful water views of the lake and the natural waterfowl. A child safety fence assures your little ones are safe. The big ticket items are covered with this home that has a 2023 Bosch A/C and a newer 7 year roof. You'll love having a sprinkler system that feeds from the lake saving you $$$ on your watering bill! The location is central to all your shopping, dining and medical needs and just about 6-7 miles away for you to arrive at Bradenton's famous sandy beach. This community has no CDD, HOA fees or pet restrictions. One very fortunate person will be able to claim this special home as theirs.
Source: STELLAR #A4632620
Source: STELLAR #A4632620
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.