Welcome Home to Falcon Trace at Calusa Lakes. This beautifully maintained 3 bedroom 2 bathroom pool home offers nearly 2,000 square feet of living space along with a 2 car garage and lush landscaping that creates inviting curb appeal from the moment you arrive. Sidewalks wind through the neighborhood and the tile roof and mature greenery frame the entrance perfectly. Double front doors open into a welcoming foyer where luxury vinyl plank flooring flows throughout and plantation shutters elevate every room. French doors lead to the third bedroom which is currently used as a den and makes an ideal guest space or home office. The open concept layout showcases soaring ceilings and a spacious living area that flows effortlessly into the beautifully renovated kitchen. Here you will find granite countertops, a massive island that seats six to eight people, two tone cabinetry, stainless steel appliances, and a stylish backsplash that ties the space together. The owner’s suite features crown molding, sliding glass doors that open to the lanai, and a private ensuite bathroom with dual sinks, a large soaking tub, and a walk in shower. The guest bedrooms are ideally situated near the updated guest bathroom which features a granite topped vanity. Enjoy the convenience of an indoor laundry room. Step outside to the backyard oasis which is an entertainer’s dream with a large heated saltwater pool perfect for year round enjoyment. Additional updates include a newer pool pump and aerator, water softener, HURRICANE IMPACT WINDOWS, and more for peace of mind. Falcon Trace offers maintenance free living which includes lawn and landscape shrub cutting. Residents enjoy amenities such as pickleball, tennis, a heated community pool, social activities, and access to a beautiful semi private eighteen hole golf course with an optional golf membership along with a restaurant and pro shop. Calusa Lakes is located between Venice and Sarasota minutes from I 75, shopping, dining, and historic downtown Venice. Outdoor enthusiasts will love the nearby Legacy Bike Trail along with Nokomis Beach and the stunning beaches of Venice and Caspersen just a short drive away. This hidden gem is also located near the newer Sarasota Memorial Hospital. Schedule your showing 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.
