11723 Tempest Harbor Loop, Venice, FL 34292
4 beds · 3 baths · 1,872 sqft sqft
Welcome to your coastal home! Nestled in the serene community of Stoneybrook of Venice, this property offers the perfect blend of comfort and Florida charm. Step inside this tastefully decorated home and be greeted by an abundance of natural light, showing off the versatile & open floor plan. With 4 bedrooms, 3 bathrooms, there's ample space for both relaxation and entertaining. Enjoy your morning coffee in the cozy breakfast nook or dine al fresco on the screened lanai overlooking the back yard, After a day of soaking up the sun on Venice Beach or exploring the vibrant downtown area, retreat to the luxurious master suite featuring a spa-like ensuite bathroom with dual sinks, a soaking tub, and a walk-in shower. Three additional bedrooms provide plenty of space for guests or a home office. This home boasts features that enhance both comfort and peace of mind, including being located in a non-flood zone and connected to public water and sewer. Enjoy the convenience and luxury of gated/guarded entry, a resort-style pool, a fitness center, a clubhouse, tennis courts, sand volleyball, and pickleball groups, all within the community. Conveniently located near I-75, downtown Venice, top-rated beautiful beaches, Cool Today Park, nature preserves, and trails. This home offers easy access to everything you need for the perfect Florida lifestyle. Plus, with low association fees, you can enjoy all these amenities without breaking the bank.
Source: STELLAR #a4608757
You may be able to put down less than the total down payment amount of $51,974 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4608757
Source: Public records
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4608757
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.