Welcome home to the beautiful Gated Resort Community of River Strand Golf and Country Club. You won’t want to miss this meticulously cared for home in the Sanctuary of River Strand. This popular and rarely available Trevi model is move-in ready with 4 bedrooms and 3 baths, has been meticulously cared for, and shows pride of ownership. The sellers have added over $100,000 in upgrades and enhancements to this property and are feeling sad to be moving, but they must relocate. They have priced this home to sell quick. The minute you enter the home, you are welcomed into the Large main area with it's Great Room and Dining Area. Both open to a spacious Kitchen with an Extended Large Island, New Granite Countertops, Custom Backsplash, Professionally Painted Cabinets, Gas Range, Large Walk-in Pantry, and an Abundance of Cabinets and Countertop. This home is equipped with Plantation Shutters throughout. The sliders from the living room lead to a screened lanai that's perfect for relaxing and entertaining. The private Master Suite is towards the back of the home and features Crown Molding, 2 large Walk-in closets equipped with Closet Organizers, and a Roomy En-suite Bath. The Master Bath includes Dual Sinks and a separate shower and Soaker tub. The most recent updates include a Custom Counter with Dual Sinks in Master Bath, Interior and Exterior Painting, Re-Screening of the Lanai with No-Seeum screen and a New Hot Water Heater. The home is equipped with easy to close Accordion Hurricane Shutters attached to the outside of the home and an Electric Hurricane Shade in both the lanai and front entryway making it easy to prepare for any potential weather. This beautiful home in the Sanctuary area comes with a transferable Social Membership which is included in the low HOA fee. The Association also provides lawn and yard maintenance, cable TV, internet service and irrigation water. River Strand is a 24hr Gated community that offers two Clubhouses, a Newly Remodeled Fine Dining Restaurant and Bar & Grill Room, a Newly Remodeled Tiki Bar, 2 Resort Style Pools and 6 Community Pools, 8 Har-Tru Tennis Courts with on-site Tennis Pro Shop, 2 modern Fitness Centers, 8 Pickle Ball Courts, Library, Conference Room, Fitness Classes, a Dog Park nearby, Special Events, Live Music and Concerts and so much more. The 39,000 sf main clubhouse offers fine dining in the restaurant, casual dining in the Bar and Grill room and food and beverages in the pool Bar area. The community also features a 27 hole championship golf course designed by world renowned architect Arthur Hills! Conveniently located near I-75, this home offers a quick commute to University Town Center Mall, Ellenton Premium Outlets, St Pete Beach, Sarasota, Venice, Tampa Airport, Sarasota Airport and the famous beaches of sunny Florida’s Gulf coast. Welcome to living the Florida dream!
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.
