12458 Marsh Pointe Rd, Sarasota, FL 34238
2 beds · 2 baths · 1,898 sqft
Now offered fully furnished! You can’t get all the upgrades, furnishings, AND a pool for this price anywhere else! Welcome to your dream home in Hammock Preserve on Palmer Ranch! This exquisitely designed property features the highly sought-after Summerwood layout and offers a perfect blend of luxury, comfort, and functionality. Thoughtfully upgraded throughout, this home boasts serene nature views and an array of premium features that cater to the most discerning buyer. The heart of the home is the gourmet kitchen, equipped with stainless steel gas appliances, sleek quartz countertops, and durable porcelain tile floors, all seamlessly flowing into the spacious living area. Highlighted by a zero-corner slider, the open-concept design transitions effortlessly to an expansive extended lanai, creating the perfect space for entertaining or relaxing. Outside, your private oasis awaits with a custom pool featuring LED lighting, water treatments, and travertine flooring. Inside, the home offers a $10,000 custom fireplace, adding a touch of sophistication and warmth to the living space. Smart home technology enhances convenience and efficiency, allowing you to control various systems at the touch of a button. Impact windows provide peace of mind and energy efficiency, while upgraded finishes in the bathrooms create a spa-like retreat. Located in the highly desirable Hammock Preserve, this home offers resort-style living with access to a modern clubhouse, fitness center, resort pool, and pickleball courts. Conveniently situated near Sarasota’s world-renowned beaches, vibrant shopping and dining, and top-rated schools, this property epitomizes luxury Florida living. Don’t miss the opportunity to make this extraordinary home yours—schedule your private tour today!
Source: STELLAR #A4634962
Financials
Source: STELLAR #A4634962
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.