Discover refined coastal living with breathtaking, panoramic views of picturesque Lake Mallard in this beautifully appointed home in Lakehouse Cove at Waterside. This gorgeous Outrigger model offers a seamless blend of elegance, comfort, and resort-style design. A welcoming front porch and charming coastal elevation introduce a light-filled interior featuring an expansive great room and dining area with soaring ceilings and an open, airy layout ideal for both everyday living and entertaining. Luxury vinyl plank flooring flows throughout the main living areas, complemented by plantation shutters and designer finishes, and high ceilings, while plush carpeting provides comfort in the bedrooms. Beautiful lighting and ceiling fans adorn each room. The stylish great room boasts a tray ceiling with remote controlled lighting and lovely built-in glass shelves with cabinetry that frame the stone accent wall with mounted television and electric fireplace. Remote controlled screens for the lanai sliders and front door provide privacy and shade protection. The gourmet kitchen is a true centerpiece, showcasing quartz countertops, abundant cabinetry, a large center island with seating, wine refrigerator, under cabinet lighting as well as uplighting, hooded venting to the outside, gas cooktop, walk-in pantry and a full suite of quality appliances – perfect for hosting family and friends while enjoying lake views from the adjacent living spaces. The spacious primary suite serves as a serene retreat with tranquil water views, a generous walk-in closet, and a spa-inspired bath featuring dual vanities, luxurious free-standing tub and walk-in shower. Two additional guest bedrooms with walk-in closets provide comfort and privacy for family and visitors. All the closets have been upgraded with closet organizers. The private den can be used as a fourth bedroom featuring a custom built-in Murphy bed with full-size queen mattress, shelves, desk and closet. A beautiful barn door provides privacy to the den/bedroom and another provides privacy to the remaining two guest bedrooms and bath. Step outside to your private outdoor oasis where the covered lanai with elegant flat tile surrounds a stunning pool and spa, complete with an outdoor kitchen with bar that is deal for alfresco dining and sunset gatherings overlooking Lake Mallard. Manicured landscaping with a built-in turf area (with drainage) inside the lanai is perfect for pets or a play area. Landscape lighting provides the finishing touches. Category 5 remote controlled screen protection protects the lanai and rear of the home. The additional half bath has a separate entrance from the lanai, easy access when entertaining or enjoying the pool. The security system and cameras provide the peace of mind every homeowner prefers. This exceptional outdoor setting captures the true essence of Florida living. Enjoy the unmatched lifestyle of Lakehouse Cove with resort-style amenities including a lakeside clubhouse, pool and spa, fitness center, pickleball courts, dog parks, walking trails (one that follows Lake Mallard), and direct water taxi access to vibrant Waterside Place with its dining, shopping, and community events. Conveniently located near UTC Mall, downtown Lakewood Ranch, Sarasota Polo Club, championship golf courses, and Sarasota’s renowned Gulf beaches. This is more than a home — it’s a front-row seat to coastal Florida living with postcard-worthy lake views.
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.
