This gorgeous 4 bedroom 2 bath POOL Home is located in the very desirable community of Lake Sarasota. This community does not have an HOA or deed restrictions allowing you to park your RV, Boat, Jet Skis or other toys on the shell driveway the length of the home. The 2 car garage has a garage door opener and the driveway has additional parking to accommodate 3 cars wide and 2 cars deep. Upon entering this home you go through a small screened entry and enter to the open Living Room with NEWER Waterproof Laminate Flooring throughout. Installed in 2024 From the front door you can see through the spacious living room, covered patio to the in-ground pool and gas heated spa in the screened enclosure. The master suite has a very large bedroom with a window overlooking the pool and en-suite bathroom with shower bar and his and hers double sinks. The living room has sliding doors to the pool and a child safety fence comes with the home. The bedrooms are completely split with the master suite in the back, a bedroom in the front of the home on the same side as the master and the other 2 bedrooms on the other front corner of the home, separated by a full bathroom with a shower/tub combination. The kitchen is spacious with a bar separating the kitchen from the dining room. Windows line the dining room so you can have dinner while overlooking the pool and spa or enjoy the pool view from the kitchen. Outside you can enjoy a Flagstone patio, mature oak trees and landscaping as well the screened enclosure. The patio gives you a secluded country feel while living in the city. This home is conveniently located near I 75 and the beautiful Lakeview Park is a short walk and offers: disc golf, a dog park and canoe or kayak launch. Lakeview Elementary has a 10/10 rating and is a short walk. Central air and ceiling fans help keep this stunning home cool all summer. NEW water heater with warranty through 2030. Gutter guard covers on all the gutters. NEW shingle roof with warranty through the end of December 2029. Security system with 7 cameras around the outside of the house that are hard-wired and currently monitored. Blinds/drapes, plenty of cabinets and storage make this home move in ready. FLOOD ZONE X, so no flooding concerns and the home has never flooded. Don't wait, this nearly 1800 sq ft home is ready for a new owner and won't last!
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.
