Exceptional location, Palmer Park is ln the heart of all Sarasota has to offer, minutes from beautiful parks and close to the city's best beaches, dining, shopping and cultural pursuits. Tucked in among towering oaks and nature preserves this idyllic community includes only 35 homes. Built in 2017, this rarely available Sheffield floor plan is a 2 story, 2,750 sqft home featuring an open layout with separate dining space, butler pantry, primary bedroom on the first level, three additional bedrooms (one with an en-suite bath) and a bonus loft upstairs, a total of 3.5 bathrooms, and 2 car garage. You will love the expansive brick paver patio for entertaining and privacy fenced yard with dog run! Details include a generously sized primary suite with tray ceiling, dual sinks, large walk in shower and closet, wood ceilings in front and back porches, textured glass panel front door to let the light in, quartz kitchen counter tops, 42" cabinets, kitchen island, high ceilings, tropical landscaping, designer fixtures, finished garage floor, ample storage space and more! With no houses in front or back you will enjoy the views of tall trees and wildlife. Asher Court has character with it’s curvy road leading to a cul-de-sac. The neighbors are kind, the fees are low- the HOA covers lawn and landscaping, no CDD’s. And depending which direction you choose you can be downtown Sarasota, or to University Town Center in 15 minutes. Within 30 mins to St Armands Circle, Lido Beach, Siesta Key and #1 Beach in the Nation, Siesta Beach! Sarasota-Bradenton Airport and Tampa International are close by, making travel easy. A-rated schools, top notch medical care, and year round sunshine to stay active outdoors enjoying nearby golf, tennis, pickle ball, boating, biking, farmers markets and festivals. 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.
