12192 ALACHUA LN, Venice, FL 34293
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.)
You may be able to put down less than the total down payment amount of $259,045 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #a4609831
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.