Welcome to this beautifully upgraded Sarasota model, ideally situated on a peaceful conservation lot in a quiet neighborhood just moments from the Palms Resort amenities. This meticulously maintained home offers both comfort and style with thoughtful upgrades throughout. Enjoy energy efficiency and quality with top-of-the-line Pella windows (2010) and a newer HVAC system (2018). Inside, you’ll find engineered hardwood flooring laid on the diagonal in the Great Room and Dining Room, complemented by ceramic tile in the kitchen and bathrooms, and plush carpeting in the bedrooms. Architectural details include 8-foot doors, rounded corners, and elegant 5 1/4-inch baseboards throughout. The inviting curb appeal features a screened front porch and a beautiful leaded glass front door. The kitchen is a chef’s delight, showcasing quartz countertops, 42-inch staggered upper cabinets with crown molding, pull-out drawers, stainless steel appliances, recessed lighting, and a spacious walk-in pantry. The Primary Suite is a relaxing retreat with a tray ceiling, bay window, and an en-suite bathroom featuring dual sinks, a raised vanity, and an upgraded tiled walk-in shower with seamless glass enclosure and built-in bench. Guest Bedroom #2 also features a charming bay window. Additional highlights include a laundry room with washer, dryer, and wash basin, as well as a covered and screened lanai overlooking serene conservation views—perfect for relaxing or entertaining. The extended 2-car garage provides ample space for storage and convenience. This exceptional home combines elegance, functionality, and a prime location—don’t miss your opportunity. Solivita is a premier 55+ community, offering residents an exceptional lifestyle with state-of-the-art amenities. Enjoy a fully equipped fitness center, dance and aerobics studios, and an impressive array of recreational options including 14 heated swimming pools, two heated spas, tennis courts, pickleball courts, shuffleboard, bocce ball, billiards, and an art gallery. The community also features three on-site restaurants and two championship 18-hole golf courses. With a full calendar of activities and events, there’s always something new to explore and enjoy. This home is conveniently located near a hospital and medical office complex, and shopping center!
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.
