### Welcome Home to 3181 Fallow Rd, Venice, FL 34293 Discover the epitome of Florida living in this immaculately maintained 4-bedroom, 2-bathroom single-family pool home, perfectly situated in the heart of Venice just minutes from pristine beaches and world-class amenities. Nestled on an expansive 16,000 sq ft lot, this property offers unparalleled privacy and space, ideal for families, entertainers, or those seeking a serene retreat with room for all your toys. Step inside to soaring vaulted ceilings that flood the open floorplan with natural light, creating an airy and inviting atmosphere. Thoughtful interior features like built-in cabinetry, ceiling fans throughout, split bedrooms for ultimate privacy, and walk-in closets in the primary suite ensure comfort and convenience at every turn. The heart of the home boasts a well-equipped kitchen that flows seamlessly into the living and dining areas, making it perfect for casual gatherings or formal dinners. Outside, your private oasis awaits on this generously sized homesite—professionally landscaped with lush tropical greenery and meticulously manicured grounds. The full irrigation system keeps everything vibrant year-round, while the fully fenced backyard, enclosed by durable 6-foot white vinyl fencing, provides a secure haven for pets, kids, and alfresco relaxation. Dive into endless summer fun with your own sparkling pool, and with plenty of room left for a garden or outdoor play area, the possibilities are endless. Practical upgrades add peace of mind: a brand-new roof installed in 2021, an oversized attached garage for everyday vehicles, and a very large detached shed offering abundant storage for boats, RVs, or workshop dreams. Located in the desirable 34293 zip code, you're moments from US 41 for easy access to Venice's charming downtown, top-rated schools like Venice Senior High, and the Gulf Coast's sugar-sand shores. This gem won't last long—schedule your private showing today and start living the Venice lifestyle you've always dreamed of! Welcome Home!
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.
