Experience the ultimate Florida lifestyle at this stunning estate located at 2123 Manasota Beach Road in Englewood. This exceptional property is perfectly situated just 0.7 miles from the pristine sands of Manasota Beach and the natural beauty of the Lemon Bay boat ramp. Nestled on nearly an acre of lush, mature landscaping, this home offers 3,464 sq. ft. of thoughtfully designed interior living space between the Main Home and the Guest Suite. The Estate features 5 spacious bedrooms and 4 full bathrooms, providing plenty of room for family and guests. A car enthusiast's dream, the 3-car attached garage and the 3 car oversized detached garage are both fully climate-controlled. The detached garage boasts a new humidity-controlled A/C and includes a built-in workshop and full bath. Above the garage enjoy a spacious 2 bed, 2 bath living space with a fully equipped kitchen, living space and indoor laundry room. Relax by the heated pool and spa on those days you do not want to make the short trek to Manasota Beach. Guests will enjoy a private entrance to the pool area in this split floor plan home. Take your boat, kayaks or SUPs down to the boat ramp and enjoy Gulf Coast living at finest. Have a chilly evening? Sit around the Gas fireplace in the charming living room while entertaining in the open kitchen. The 0.92-acre lot is fully fenced for privacy and features a charming gazebo with electricity, a storage shed, new and mature foliage. The Guest house has its own entrance and gate and the main home has two gates and a turn around driveway. Additionally, the property features a dedicated RV Pad with electricity and pump out. Peace of mind with a new roof (4 years), new pool heater (4 years), new exterior painting, new gutters, two irrigation systems, new electrical panel and so much more. You have to see the Feature Sheet! This is more than a home, it is a private compound. With its rare 5-bedroom layout and extensive climate-controlled 6 garage spaces, it is one of the most versatile properties currently available in the Manasota Beach corridor. Call me today and do not wait to see this home for your very best Gulf Coast Lifestyle!
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.
