Experience the perfect blend of luxury, privacy, and acreage living in the gated estate community of Hampton Lakes. Set on an exceptional 4.66-acre homesite, this custom residence offers the space and flexibility that are increasingly rare in Sarasota, providing endless possibilities for collectors, outdoor enthusiasts, and hobbyists alike, with room for vehicles (4-car garage 30'x50' with two 9'x18' doors and 12' ceiling), recreational equipment, equestrian pursuits, and more. Designed to embrace its tranquil surroundings, this Grand Santa Maria home features 4 bedrooms, a bonus room, and 3 full bathrooms, complemented by soaring ceilings, 8’ doors, expansive living spaces, and picturesque views of mature trees and the tranquil countryside landscape beyond. Large impact-rated windows and sliding glass doors fill the home with natural light while creating a seamless connection to the outdoors. Built with today's lifestyle in mind, the residence offers the qualities modern buyers seek, including newer construction, an open-concept floor plan, higher ceilings, energy-efficient features, hurricane-resistant standards, and stylish contemporary finishes that blend comfort, functionality, and peace of mind. At the heart of the home, the kitchen is tastefully appointed with quartz countertops and farmhouse sink, plus a prep island and sink, built-in double ovens, induction cooktop, wine cooler, walk-in pantry, and a dinette with aquarium window. The spacious lanai is designed for year-round enjoyment, featuring a heated pool, abundant covered outdoor living space, and plumbing stubbed for a future outdoor kitchen. Whether entertaining guests or enjoying a quiet evening, the peaceful setting provides a remarkable sense of space and privacy. Exceptional attention to detail continues throughout the home with premium porcelain and ceramic tile flooring, rounded wall corners, upgraded lighting and ceiling fans, a whole-house water softener and iron filtration system, and a central vacuum system with concealed retractable hoses. Additional amenities include a secure 6' x 12' storage room with a safe, RV hookups, and a security system pre-wired for cameras. Thoughtful site improvements include buried gutter drains feeding French drain systems along both sides of the residence, as well as a fenced backyard enclosure. The expansive homesite also offers the opportunity to construct an additional outbuilding, or two if attached. Car enthusiasts, hobbyists, and collectors will appreciate the impressive four-car garage with insulated block construction and insulated doors. The garage is fully equipped with a mini-split air-conditioning system, three ceiling fans, air compressor with 5 ports, utility sink, shelving, and 12-foot ceiling—providing ample clearance for a hydraulic vehicle lift. The floor is reinforced with rebar in designated parking bay. Two tractors, as well as the hydraulic lift and jack, are available for purchase under a separate contract. Complemented by its private estate setting, Hampton Lakes offers convenient access to everything that makes Sarasota and Lakewood Ranch so desirable, including UTC shopping and dining, downtown Sarasota's vibrant arts and cultural venues, Gulf Coast beaches and boating, championship golf clubs, the Sarasota Polo Club, and the natural beauty of Myakka River State Park. This is a rare opportunity to enjoy rural-estate living with acreage, privacy, and endless possibilities.
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.
