Home is that special place where comfort is found and memories are made. This beautifully updated residence in one of Sarasota’s convenient, established neighborhoods—with spacious lots, and a true sense of community. BE SURE TO CHECK OUT THE VIRTUAL TOUR. No HOA restrictions mean this home offers the freedom to truly make it your own, whether enjoying outdoor gatherings or hooking up the boat for a well-deserved weekend of relaxation on the bay and Gulf waters that Sarasota is known for. Proximity to top-rated schools, everyday shopping and dining, major roadways, and world-class Gulf beaches make daily life effortless while staying connected to everything Sarasota has to offer. Discover why homes in Cedar Hollow do not typically last long. This inviting single-family home, situated on a corner lot, offers approximately 1,552 square feet of thoughtfully designed living space, featuring high ceilings, three bedrooms, two bathrooms, and a versatile bonus room ideal for a home office, hobby area, or flexible living. Fresh updates throughout create a move-in-ready home, so weekends aren’t spent on repairs. If an outdoor shop or accessory building is in your plans, there is plenty of room for a bold plan, and the corner lot is perfect for secondary access. Privacy is usually high on buyers’ priority lists of “must have” items, so the dead end that just a short distance beyond is a definite plus. Inside, the open, light-filled layout showcases beautiful tile flooring in the main living areas (updated 2020) and new vinyl flooring in the bedrooms (2025). The heart of the home is the spacious kitchen, equipped with brand-new Samsung Bespoke appliances (2025), elegant granite countertops, rich wood cabinetry, and a functional island—perfect for casual meals and entertaining. Adjacent dining and living spaces flow seamlessly. The primary bedroom serves as a peaceful retreat, while the additional bedrooms offer flexibility for family, guests, or personal use. Updated bathrooms provide everyday convenience and contemporary finishes. Step outside to enjoy Florida living at its finest: a fully vinyl-fenced backyard (2024) with fresh landscaping (2025), plus a spacious 10x16 permitted shed complete with insulation and air conditioning—ideal for storage, a workshop, or a private escape. Additional recent enhancements include hurricane-impact windows and doors (2019), a newer roof (2022), an HVAC system (2021), a water heater (2021), a reverse osmosis water system (2024), a freshly painted exterior (2025), an updated garage door opener (2025), and new gutters (2025). A one-car garage and ample parking complete the practical appeal. Siesta Key beach is just 15 minutes away. The interstate, UTC Mall, Benderson Park, along with all the shopping, and an endless selection of dining options, are all within 10 minutes. This residence stands out for its thoughtful updates, low-maintenance design, and unbeatable location in a vibrant Sarasota community. A wonderful opportunity for comfortable, worry-free living in a highly desirable area. 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.
