DON'T WAIT TO SEE THIS GORGEOUS HOME! Perfect home for snowbirds and down sizing primary home owners alike, this one fits just right. FURNISHINGS NEGOTIABLE SEPARATELY. Open floor plan with luxury vinyl floors throughout living, dining, and kitchen space. Large tray ceiling with extra recessed lights strategically placed for light on those rainy afternoons. Beautiful kitchen with wood cabinets, Quartz counters, and new stainless steel appliances. Room to eat in kitchen or sit at the counter bar top. Sliding doors to lanai pocket letting the outside and inside blend into harmonious bliss. Huge covered lanai running 26 ft long updated with tile flooring. Serene Lake views with Eastern exposure. Sit outside and enjoy your morning brew of choice. Plantation shutters on all the windows. Separate den or office space. Master bedroom with en suite bath that offers dual sinks, walk in shower, and make up station all updated with Quartz counters, listello tiles in shower and niche, stone tile flooring in shower, built with glass block windows for lots of light while keeping total privacy. Guest bedroom and bath at opposite end of home for privacy. Spacious guest bedroom with UPDATED guest bath adjacent for convenience. Laundry room has wash sink and lots of cabinet storage. HURRICANE SHUTTERS FOR PEACE OF MIND. Not in Florida to view in person? Check out the 3D Walk through tour at https://my.matterport.com/show/?m=PzVxhAN3Ls1 Venetian Golf and River Club sits in an ideal location between Sarasota and Venice, close to all the various activities the Florida Lifestyle offers. Venice Downtown, Sarasota Downtown, multiple beaches including World Famous Siesta Key- voted one of the best beaches in the US. Kayaking, boating, fishing, and trail walks are just minutes away. Shopping, theatres, and restaurants-both casual and fine dining are right around the corner. And then sometimes you just want to stay at home- within the community that is. Venetian Golf offers everything you could want- Clubhouse, exercise room, tennis and pickleball courts, Resort style swimming pool and Tiki bar, Lap pool, and formal dining restaurant. Boardwalk nature walking trail through 70 acres of nature preserve park down to Myakka River. Lots of community activities and special event opportunities to meet your neighbors. Golf Membership is NOT mandatory but is available for the 18 hole Championship golf course. Come find your Florida Lifestyle today!!
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.
