Welcome to this Taylor Morrison Roma model! Nestled on a quiet cul de sac in the highly desirable Esplanade of Artisan Lakes, this four year old, 2 bedroom, 2 bath home with den (featuring pocket doors) offers a perfect blend of cozy comfort and modern elegance. Located in North Manatee county, this home overlooks serene water views with an extended screened in Lanai. This well designed home features a split floor plan with the Owner’s suite at the back of the home overlooking the lake and the second bedroom and den towards the front. Enjoy upgraded wood-grain tiled flooring throughout the living area, 10’ ceilings and 8’ doors, tray ceilings, white cabinetry throughout and white quartz countertops. The Owner’s suite has a frameless walk-in shower, dual vanities, a walk-in closet, and a private water closet. Practical touches include a laundry room with built-in cabinets and a sink, plus solar panels (paid) on the roof to decrease your electric bill! The efficient U-shaped kitchen has tons of storage and lots of countertops for food prep. The kitchen island has counter height seating for serving or entertaining. Adjacent to the kitchen is the separate dining room. As you walk through the living area and through the sliding glass doors you will step outside to your private lanai overlooking the gorgeous lake . This is a wonderful spot to enjoy your cup of coffee in the morning and to grill out in the evenings. There is a two-car garage with plenty of room for extra storage. This home has been immaculately cared for and lovingly maintained. It is truly a move-in ready home inside and out! The Esplanade of Artisan Lakes is a gated resort community offering two amenity centers with pools, dog parks, pickleball and tennis programs and classes, along with special interest groups and clubs. The wellness program includes strength and cardio equipment, fitness classes, personal training and water aerobics. Enjoy the spa services, social events, wine tastings, cooking experiences and arts and crafts. Yard maintenance, irrigation, cable and internet/wifi are also included with your HOA dues. The Esplanade is located between Hwy. 41 and I-75 from Moccasin Wallow Road. This is a growing area with shopping, places to eat and a new medical center and hospital being built just a couple miles away. Beautiful beaches at Siesta Key, Anna Maria Island and St. Petersburg can all be reached in under an hour.
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.
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.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
