8292 Shooting Star Rd, Sarasota, FL 34241
4 beds · 3 baths · 2,488 sqft sqft
Price Reduced!! Sellers are moving out of town and they are very motivated to sell. The seller agrees to assist with $10,000 towards the buyer's closing cost. Welcome to this beautiful 4-bedroom, 2.5-bath home offering over 2400 sq. ft. of living space including high ceilings on the first and second floor and 8ft doors throughout the home making the home perfect for any large family. This two-story home features a well-designed open floor plan that allows for ample space downstairs dedicated to entertainment while ensuring privacy upstairs. The first floor boasts tile flooring throughout and includes a versatile flex room, a formal dining space, and a great room with many windows and two large sliding doors connecting to a covered lanai overlooking the backyard with no back neighbors. The kitchen is a dream, featuring 42-inch cabinets, quartz countertops, and a convenient breakfast bar. Upstairs, you'll find a spacious bonus room ideal for family fun and relaxation. The primary suite is a true retreat, complete with a separate sitting area, a walk-in closet and a fully remodeled luxurious master bathroom. Three additional bedrooms provide plenty of space for family and guests. This home offers a fantastic lifestyle with a gated entrance and access to amazing community amenities, including walking trails, a fitness center, an indoor basketball court, a lap-sized pool, a rock climbing wall, a clubhouse with a resort style pool, and more! Conveniently located near major roads such as I-75, and within 20 minutes of Sarasota downtown, the airport, Siesta Key Beach, and many other attractions. Don't miss out on this incredible opportunity. Schedule your showing today and experience the perfect blend of comfort, luxury, and convenience!
Source: STELLAR #s5107061
You may be able to put down less than the total down payment amount of $329,365 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5107061
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #s5107061
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.