Welcome to this meticulously maintained, custom-built, and recently updated 2,426 sq. ft. home in beautiful Venice, Florida — WITH NO HOA and just 1.5 miles from the Gulf beaches and minutes from charming shops, dining, and recreation. Offering 4 bedrooms and 2 full bathrooms, this home is perfect as a primary residence or a vacation getaway. Enjoy your double lot with lush landscaping and the convenience of having city water and sewer (2018). From the moment you arrive, you’ll be impressed by the curb appeal — an oversized driveway, fruit trees, rose gardens, and walking paths around the home, all framed by a stately double 8’ front entry door with antique glass, protected by a hurricane-rated screen and portico. Step inside and you’re welcomed by soaring 12’ ceilings in the main living areas, 11’ ceilings in the rest of the home, extensive crown molding, double tray ceilings, and architectural details throughout. Natural light pours in from 17 large PGT hurricane-impact windows, while sound-barrier insulated walls keep the space quiet and serene. The open floor plan flows seamlessly into the gourmet kitchen, recently remodeled with expanded quartz countertops, reconditioned 42” custom cabinets, a stylish backsplash, and all new stainless steel and glass appliances including refrigerator, oven/range, microwave, washer, and dryer. A breakfast nook offers casual dining, while a bar-height counter creates the perfect gathering spot. The split bedroom layout features four bedrooms with three featuring cozy carpeting and one versatile bedroom/den finished with easy-care laminate flooring while 18" porcelain tile on the diagonal enhances the main living areas and bathrooms. One of the guest bathrooms also include a smart bidet toilet that adds an extra touch of modern luxury. The spacious primary suite has direct access to the lanai through 8’ high sliders and features a fully remodeled spa-style bathroom with an oversized glass-enclosed shower clad in Brazilian granite, a soaking tub, new vanities and cabinets, upgraded tile flooring, and two walk-in closets. Outdoor living is at its best here, with an expansive lanai featuring an automated 23.5’ x 11’ screen for shade and comfort. Unwind in the Hot Springs Vanguard 6-person remote-controlled hot tub/spa with a new cover, or enjoy the peaceful backyard with privacy fencing, landscaped seating areas, and a well-maintained storage shed. The home is built for peace of mind with hurricane-rated features, including impact windows, a hurricane-mitigated garage door, and a hurricane-rated screen system. Additional upgrades include a high-capacity 5-ton AC system with warranty until 2035, a reconditioned roof with warranty through 2029, and a Ring security system with five hardwired cameras/lights. Located in one of Venice’s most desirable areas, you’re just minutes from Venice Beach, Historic Downtown Venice, fishing piers, boating, golf courses, and scenic parks. Only two blocks away, you’ll find the South Lemon Bay Preserve, perfect for nature walks and outdoor enjoyment, while the nearby public boat launch at Manasota Beach makes days on the water a breeze. Top-rated Sarasota County schools, medical facilities, shopping, and dining are all close by, making daily life convenient and enjoyable. With every upgrade already complete and a location that offers both coastal charm and everyday convenience, 5988 Viola Road delivers the lifestyle, comfort, and quality you’ve been searching for.
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.
