Homes like this one do not come up often in this location at this price. 5639 Blount Avenue is a 3-bedroom, 2-bath, 1,695 square foot Sarasota home sitting on a generous, fully fenced lot just minutes from the world-famous white quartz sands of Siesta Key Beach. No HOA. No restrictions. No monthly fees. Just a well-built, character-filled Florida home with the space, the layout, and the location that buyers in this market have been searching for. Pull up and you immediately notice the lot. Large, lush, and fully fenced, the yard offers the kind of outdoor space that is increasingly rare inside Sarasota proper. Mature trees provide natural shade and a sense of privacy that makes the property feel like a private retreat tucked away from the pace of the city. Step inside and the home opens up. Vaulted ceilings lift the living spaces and flood the interior with natural light, creating an airy, welcoming feel that photographs cannot fully capture. You have to stand in it to understand how spacious it actually is. The living room features warm wood-paneled walls and a stone fireplace, the kind of old Florida charm that adds genuine character and personality to a home. Light wood floors flow throughout, tying the rooms together in a clean, cohesive aesthetic. The split floor plan is one of the most practical and desirable layouts in residential real estate, and this home executes it well. The primary suite is separated from the two guest bedrooms, offering true privacy for owners and guests alike. The primary bedroom is genuinely spacious, with vaulted ceilings, excellent natural light, and direct access to the rear of the home through French doors. The Florida room is a standout feature and one of the most versatile spaces in the home. Bright, open, and connected to the main living area via classic French doors, it functions beautifully as a second living room, a home office, a playroom, a creative studio, or a casual entertaining space. The possibilities are as flexible as you need them to be. The kitchen is well laid out with granite countertops, stainless steel appliances, and an abundance of cabinet storage. A window above the sink looks out to the lush greenery of the backyard, making even everyday tasks feel a little more Florida. The 2022 roof provides peace of mind and real value. The well and septic system eliminate monthly water and sewer utility bills entirely, a meaningful and ongoing financial advantage that adds up significantly over time. The garage provides covered parking and additional storage. The fully fenced yard is ready for pets, play, or simply enjoying the Sarasota sunshine in complete privacy. For buyers searching for a Sarasota home near Siesta Key with no HOA, a large yard, and strong bones at an attainable price point, 5639 Blount Avenue delivers exactly that. 5639 Blount Avenue · Sarasota FL 34231 · Sarasota County · Near Siesta Key Beach
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.
