Nestled in the heart of Sarasota, FL, this captivating end unit townhouse offers a blend of comfort, style, and convenience that is hard to match. Designed with modern living in mind, this property promises to be the perfect backdrop for both your everyday moments and your most cherished memories. With a generous interior spanning 1,758 square feet, this home provides ample space for families, professionals, and anyone in between. Boasting 3 well-appointed bedrooms and 2.5 luxurious bathrooms, this townhouse caters to your need for space and privacy. The master suite is a serene retreat, featuring a lavish double vanity and an expanded walk-in tile shower that turns every day into a spa day. Each bedroom is flooded with natural light, creating inviting spaces that you'll love waking up in. The heart of the home is its open layout kitchen, where functionality meets elegance. Complete with a breakfast bar, it's the perfect spot for morning coffee, quick meals, or entertaining guests. The kitchen flows seamlessly into the living and dining areas, making it easy to enjoy each other's company without missing a beat. Step outside to the paver covered patio, and you'll find a versatile space ideal for relaxing, grilling, or simply enjoying Florida's beautiful weather. This outdoor area is an extension of the home's living space, where you can unwind or host gatherings with ease. For your convenience, this townhouse comes with a 1-car garage, providing secure parking and additional storage solutions. The thoughtful details and high-value upgrades evident throughout the home are a testament to its meticulous upkeep. Located in Sarasota, this home not only offers a peaceful residential setting but also places you close to all the action. From pristine beaches, vibrant dining scenes, to diverse shopping options, everything you love about Florida living is just a stone's throw away. Whether you are indulging in the local culture or enjoying the natural beauty of the surroundings, this location leaves nothing to be desired. This property represents a rare opportunity to own a slice of Sarasota's finest. Offering the perfect combination of style, convenience, and location, it's ready to welcome you home. Don't miss your chance to experience modern living at its best. **This property qualifies for a 1-Point Lender paid, full term, rate buy down if using preferred lender. Inquire for more details.**
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.
