Welcome to 3953 Prairie Dune Drive, located within the gated Country Club of Sarasota, where a fully staffed security gate operates twenty four hour access control. Set along the second hole, this residence offers a private setting with wide golf course views and meaningful updates, including a new roof and replumbing. Low HOA fees further enhance long-term value. The interior is defined by high ceilings, generous natural light, and a layout that promotes easy movement between indoor and outdoor spaces. Two separate living areas support both entertaining and daily comfort. The formal dining room with its bay window provides a welcoming setting for gatherings and sits adjacent to the family room, which includes a wet bar. The kitchen is designed for practical function and features a breakfast room, large pantry closet, extensive wood cabinetry, bar seating, a cooking island, and a pass-through window to the lanai. The primary suite upstairs creates a quiet retreat with three closets, seperate tub and shower, dual sinks with seperate makeup station, and a loft with a view of the fairway and the main living level. With five bedrooms, four bathrooms, and two flexible bonus spaces, the home supports a range of living needs, including multigenerational arrangements, private workspaces, or comfortable guest quarters. Outdoor living centers on the covered patio, pool, and spa, set within a private environment that captures the full expanse of the course. The location places you less than five miles from Siesta Key, home of the number one beach in America. Nearby conveniences include Costco, Sprouts, Publix, and Target, along with a soon to open Whole Foods, Chipotle, and additional retail and dining. Optional membership to the TPC Prestancia Golf or Sports Club provides access to tennis and pickleball courts, fitness facilities, a lap pool, and a clubhouse with dining, bar, and social venues. These amenities are currently under renovation and scheduled to reopen soon. Discounted member rates available before reopening present a timely opportunity. 3953 Prairie Dune Drive blends privacy, convenience, and community in one of Sarasota’s most established neighborhoods. Schedule a private showing to fully appreciate all that this property offers.
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.
