For Sale or Rent-to-Own - NO HOA - NO FLOOD INSURANCE REQUIRED - Flexible Purchase Opportunity in Prime Location is everything—and 3953 Vehlin St delivers. Ideally situated just 20 minutes to Englewood Beach and only 30 minutes to downtown Sarasota, this home offers convenient access to world-class beaches, dining, shopping, and entertainment while maintaining the peace and privacy of a quiet North Port neighborhood. Inside, you’ll find rich luxury vinyl plank flooring throughout the light-filled living spaces, creating a warm and inviting atmosphere. The open-concept kitchen flows seamlessly into the main living area, making it ideal for entertaining or everyday living. Both bathrooms have been tastefully updated, and the spacious primary suite serves as a private retreat complete with a custom closet system for optimal organization. Step outside to the screened-in lanai with included hot tub, perfect for year-round relaxation. The private, partially fenced backyard offers space for pets, gatherings, or simply enjoying Florida living. The property sits in a flood-free area, providing added peace of mind. Recent upgrades include a new roof (2022), newer water heater, and a whole-house water filtration system, ensuring comfort and long-term value. Conveniently located near parks, schools, hospitals (including the new Sarasota Memorial Hospital campus expected in 2028), and everyday essentials. What truly sets this property apart is its flexibility with a RENT-TO-OWN Option. Buyers interested in alternative financing or lease-purchase terms are encouraged to reach out for full details and qualification requirements. Homes this close to the beach and Sarasota—with flexible ownership options—are rare. Schedule your private showing today.
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.
