123 Pescador Pl, Nokomis, FL 34275
2 beds · 2 baths · 1,832 sqft
Fantastic opportunity to own a newer and well-maintained 2BR plus Den home situated on an oversized (60' wide) and very private lot in the resort-style community of Toscana Isles. This popular Clifton model features a large primary suite that includes 2 spacious walk-in closets, an en-suite bath with dual sinks and a walk-in shower, and the privacy of a split plan with the primary suite located at the back of the home and guest suite at the front. The open and large kitchen is finished with light gray cabinets that include crown molding, light valence, and under cabinet lighting, granite countertops, and a designer backsplash. The house is finished with natural tile throughout the main living areas, extensive crown molding, and 8' doors. Other upgrades include custom closets, plantation shutters on the windows, built-in storage cabinets in the Den, and a finished laundry room conveniently located off the primary suite. Toscana Isles is a gated, resort-style, maintenance-free landscape community that caters to an active lifestyle. Enjoy kayaking, canoeing, and fishing on over 200 acres of interconnected lakes. The 8,000-square-foot clubhouse is a hub of entertainment, featuring a fitness center, ballroom, billiard room with big-screen TVs, a heated, resort-style infinity-edge pool, tennis, pickle ball, bocce courts, and a large fire pit. Toscana Isles offers easy access to beautiful Suncoast Beaches (just 10 minutes away), the Legacy Bike Trail, and the vibrant Venice and Sarasota downtowns with rich cultural life, excellent shopping, and gourmet restaurants. Nearby, Sarasota Memorial Hospital just recently opened its new Venice campus.
Source: STELLAR #a4626598
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4626598
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 30-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: #a4626598
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