MULTIGENERATIONAL LIVING • 5 BEDROOMS • INCOME POTENTIAL... Why choose just one when this Sarasota home offers all three? Welcome to 8096 Glenbrooke Ln, a rare fully renovated property designed for today's flexible lifestyles. Whether you're looking for multigenerational living, private guest accommodations, space for adult children, a home-based business setup, or potential rental income, this unique 5-bedroom, 3-bath home delivers options that are hard to find. Situated on one of the largest lots in Glenbrooke, the property functions as either one spacious residence or two completely independent living spaces. Separate entrances, dedicated laundry areas, abundant storage, and an interior dividing door create the perfect balance of togetherness and privacy. The upper level features vaulted ceilings, abundant natural light, an inviting living area with an electric fireplace, spacious dining room, private balcony, and a beautifully appointed kitchen with rich cherry cabinetry, granite countertops, stainless steel appliances, and generous workspace. The primary suite is joined by two additional bedrooms and two full baths. Downstairs offers a fully independent living space complete with two bedrooms, one bath, full-size laundry, and a stunning updated kitchen featuring soft-close shaker cabinetry, quartz countertops, stainless steel appliances, and a walk-in pantry. Major improvements provide peace of mind for years to come, including hurricane-impact windows, newer HVAC with UV purification lights (2017), a new roof with a transferable 50-year warranty (2022), and extensive exterior upgrades completed in 2023, including stucco, vinyl siding, PVC trim, fascia, and soffits. Step outside to your own tropical retreat where mango, banana, and avocado trees surround a fenced backyard with room for a future pool and two convenient storage sheds. Residents enjoy the benefits of Glenbrooke's incredibly low HOA of just $300 per year and no CDD fees, all while being minutes from UTC, downtown Sarasota, SRQ Airport, I-75, world-class shopping, dining, and the Gulf Coast's award-winning beaches. BONUS OPPORTUNITY: Qualified veterans may be eligible to assume the seller's exceptionally low 2.25% interest rate mortgage, creating a potentially significant monthly savings opportunity.
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.
