Grand Palm Community Perfection: 2015 Build + Cocktail Pool + Access to Vibrant Wellen Park & Venice! Welcome to your next home where three bedrooms, a versatile den that can easily serve as a fourth bedroom or flex space, two bathrooms, and a two car garage offer plenty of room for comfortable living. The exterior features mature landscaping that enhances privacy along with a classic barrel tile roof that adds charm. Inside, the home has been well cared for with easy maintenance tile flooring in the main living areas and bathrooms, LVP in the den, and carpet in the bedrooms. The front of the home offers a flexible area that works beautifully as either a formal dining room or a welcoming foyer depending on your needs. The kitchen and open great room feel light and spacious with multiple windows with Plantation shutters, tray ceiling, and triple sliding doors bring the pool views front and center. The kitchen features white shaker style cabinets with crown molding, Corian countertops, a center island, a closet pantry, a gas stove, and a stylish glass tile backsplash. Just off the kitchen are double French doors that open to a spacious den, a flexible room that works well as a fitness area, home office, bedroom, craft room, or whatever space you have been wanting to create. The primary ensuite bedroom offers plenty of room for your furniture along with a walk-in closet, a fully tiled walk-in shower, and a dual sink vanity. The two guest bedrooms are set apart from the primary bedroom, include reach-in closets, and share a bathroom with a convenient tub and shower combo. A large interior laundry room has built-in shelves and built-in laundry sink. Step onto the oversized, partially covered, screened paver lanai and enjoy true Florida living with your own private heated saltwater pool featuring a soothing waterfall and mature landscaping that creates peaceful privacy. Additional home highlights include hurricane shutters, a 2024 A/C, and added shelving in the garage for easy storage. Grand Palm is a truly unique community in Venice that blends resort style living with a strong connection to nature. Residents enjoy a wide variety of amenities that make each day feel full of possibility. There is a large resort style pool complete with a waterslide, multiple additional pools for relaxation or fitness, a splash area, and a modern fitness center. The community also offers tennis, pickleball, bocce, volleyball, two dog parks, miles of scenic walking and biking trails, and Adventure Lake where you can kayak or fish around the island. A full time activities coordinator keeps the calendar filled with events, classes, and gatherings so it is easy to get involved. Grand Palm sits just minutes from downtown Venice and its beautiful beaches, and also provides quick access to the growing Wellen Park area with its dining, shopping, and entertainment. This home at 11435 Fort Lauderdale Place is just waiting for you. Schedule your visit and picture yourself settling into this beautiful community.
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.
