WELCOME Home to The Q an Enclave of 40 Townhomes with varied floorplans, located on Ringling Boulevard in The Heart of Downtown Sarasota without the high fees typically associated with downtown residences! 213 Cosmopolitan Court offers the largest floorplan with three floors of spacious living, one bedroom and en-suite bath along with lovely daytime living space with custom built-in bookshelves off both the first and third floor bedrooms. Each floor of the three floors has one bedroom and en-suite area. All bedrooms have custom built in closet systems. The open space can be used in a variety of ways. Choose to make an office area, a study, a music area, it's your decisions create the best functionality for your lifestyle. Floors one and two have walk out terraces. No neighbors above or below! 913 Cosmopolitan Court is the perfect floorplan for entertaining guest--- designed with a half bath located near the living room. This lovely townhome has a private elevator, two-car garage with a custom finished third floor patio complete with a covered roof top and electric sunshade. The Q enclave includes commercial grade Miami-Dade impact-rated windows and doors, luxurious Lube Italian kitchen and bath cabinetry, Fulgor Milano appliances with natural gas cooktop and Bosch dishwasher, Caesarstone quartz countertops and German Hansgrohe plumbing fixtures. The all-interior doors are solid core, 8-foot-tall dark wood, volume ceilings, a stylish freestanding soaking tub, spacious showers and large closets. Built in ceiling 'invisible' ceiling speakers along with state of the art in home customizable programmable security system. Premium porcelain tile flooring, first and second floor terraces, a tankless hot water system and upgraded water system was installed by owners after the build was completed. 213's bathroom and kitchen areas have been finished in beautifully mosaic tile work throughout. Oversized windows throughout with custom Hunter-Douglas window treatments makes the internal lighting comfortable at all times. The Q community is deeded fee simple, so owners own the land your residence is built on. NO CDD, and the monthly fees are some of the lowest in downtown Sarasota. The location is a quick distance to fine restaurants, specialty stores, banks and opera house, a marina and theatrical arts and two movie theatres. Whole Foods Market, Sprouts grocery, and a weekly year ground Saturday farmer’s market on main street are all in downtown Sarasota. This location is currently Zoned X- which requires no Flood Insurance.
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.
