Located inside the gates of Venetian Golf & River Club, this rarely available extended Correggio floor plan offers the perfect blend of luxury, comfort, and effortless Florida living. Featuring 3 bedrooms, 2 bathrooms, a den, with a private POOL/SPA, this spacious Furnished residence is thoughtfully designed with IMPACT WINDOWS for both everyday living, peace of mind, and entertaining. Perfectly positioned to capture peaceful golf course views (hole #2) and natural light, the highly sought-after extended layout showcases expansive living spaces, soaring ceilings, crown molding, and Brazilian Cherry engineered hardwood flooring throughout the main living areas. Oversized sliding glass doors create seamless indoor-outdoor living, opening to the screened lanai complete with a STORM SMART electric hurricane roll-down shutter for added protection and peace of mind. The gourmet kitchen is designed to impress with stone countertops, stainless steel appliances, abundant cabinetry, and an oversized island overlooking the great room and dining area. The spacious primary suite offers a relaxing retreat with dual walk-in closets and a spa-inspired bath, and a door to your lanai. This split floor plan with guest bedrooms thoughtfully positioned for privacy and comfort. Additional highlights include designer finishes, abundant storage space in both the laundry room and garage with built-in cabinetry, and a desirable side-load two-and-a-half-car garage with room for a golf cart or additional storage. Enjoy resort-style living with access to the River Club, resort-style pool with tiki bar, lap pool, fitness center, tennis, pickleball, scenic walking trails along the Myakka River, fine dining, and a vibrant social calendar, with optional championship golf available at the Venetian Golf Club. Ideally located just minutes from Gulf beaches, downtown Venice, Sarasota Memorial Hospital, shopping, dining, and I-75.
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.
