One or more photo(s) has been virtually staged. LOCATION, LIFESTYLE, AND LUXURY come together in this beautifully updated home in the highly sought-after Skye Ranch community. Convenient walking distance to K-8 school, amenities and park. This home features 4 bedrooms, 3.5 baths, flexible living spaces including an office, loft and media/game room, and outdoor living that defines Florida living. As you enter the home you notice the stunning tile in a herringbone pattern leading you to the gorgeous kitchen with quartz counters, subway tile backsplash, gas cooktop, a spacious pantry, and plenty of seating at the bar area. The dining and living spaces blend seamlessly creating an open and inviting atmosphere where a custom wood wall elevates the living room. Designed with entertaining in mind the outdoor living space features a perfectly positioned HEATED SALT-WATER POOL AND SPA, OUTDOOR KITCHEN, and generous covered lanai. The primary suite is bright with windows overlooking the lanai and pool area. The en-suite bath has split vanities, a walk-in closet and a linen closet, large walk-in shower, and a private water closet. Also on the first floor is an office with french doors, a half bath and the laundry room. On the impressive second floor you’ll find 3 more bedrooms and one with an en-suite bathroom. The other 2 bedrooms share a full bathroom with dual sinks, shower and tub. The media/game room and the loft both offer endless possibilities from movie nights, gaming, relaxing, or gathering with friends. Stylish lighting and neutral tones complement the home’s modern design. Added french drains on both sides of the house provide enhanced drainage. MAJOR RECENT ENHANCEMENTS include ALL NEW WINDOWS, new carpet, hvac ducts HEPA cleaned, air purifier and uv lights installed in both hvac units, new attic insulation, and SO MUCH MORE - THIS IS LIKE A NEW HOME! This property sits on a prime lot overlooking the pond with no rear neighbors. Enjoy the convenience of being a short walk or bike ride to The Hub, the main clubhouse in Skye Ranch. This amazing community is equipped with a cafe, resort-style pool, Junior Olympic pool, splash pad, fitness center, rock climbing, tennis, pickleball, bocce ball, indoor and outdoor basketball, sand volleyball, baseball fields, even a pond for fishing. The Lifestyle Team can assist you in joining an Interest Group or Social Club or help you create a new one. Concierge offers discounts to residents from local businesses. A new K-8 school is another fantastic community asset. Enjoy miles of walking trails with lush landscaping connecting you to all the exceptional amenities. Skye Ranch in its convenient location allows for an easy drive to Siesta Key Beach, I-75, UTC, downtown Sarasota and many restaurants, shops, banks and medical facilities. This is Florida living, done beautifully.
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.
