12192 Alachua Ln, Venice, FL 34293
3 beds · 2 baths · 1,511 sqft
Best buy in Wellen Park! Escape to your private sanctuary in this charming 3-bedroom, 2-bath cottage-style home, ideally situated at the end of a peaceful cul-de-sac. Enjoy ultimate privacy with lush greenery and no neighbors beside or behind the home. Inside, you'll find thoughtful upgrades throughout, including a stunning leaded glass front door, sleek laminate flooring, and hurricane-resistant windows in most areas. The dining room exudes elegance with its decorative wainscoting, while the living room showcases a recessed ceiling with crown molding for added charm. The kitchen is perfect for Florida low-maintenance living with quick access to your outdoor living space, featuring cottage-style cabinets, Corian countertops, a granite composite sink, wainscoting on the ceiling, a gas stove, and a beautifully updated backsplash. The spacious two-car garage, once an art studio, now includes its own air conditioning while maintaining its functionality. The crowning jewel of this property is the expansive screened-in backyard oasis, perfect for relaxing or entertaining. Enjoy the large heated swim spa, surrounded by ample space for guests and pets to unwind. Don’t miss out on this unique opportunity—schedule your showing today! Located in the exceptional Grand Palm community in Venice, Florida, residents enjoy resort-style living with countless amenities. Just 20 minutes from downtown Venice and the beaches, Grand Palm features a state-of-the-art fitness center, a resort-style pool with a water slide, and fitness pools for laps or water aerobics. Outdoor enthusiasts will love the miles of walking and biking trails, Lookout Point Island, and dedicated dog parks. Sports lovers can take advantage of basketball, tennis, bocce ball, pickleball, volleyball, and more. Live your dream lifestyle at Grand Palm! (*Note: The crystal chandelier in the dining room is not included with the house.)
Source: STELLAR #a4609831
Source: STELLAR #a4609831
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #a4609831
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.