1544 Palmwood Dr, Sarasota, FL 34232
2 beds · 2 baths · 1,284 sqft
Price Improvement on the Best Value in Tamaron. ***Spectacular Sunsets await you in this Gorgeous, Updated, Tamaron Pool Home on a Unique Homesite*** This oversized lot is over .31 acres and backs to a greenbelt for additional privacy with side views of the adjacent lake. Nature lovers will immediately be drawn to this home because of the spacious 55x36 caged pool area, and lush, Florida landscaping right in the heart of Sarasota! Featuring Western exposure, you can enjoy evening sunsets from the covered lanai or while swimming in the pool. The interior has been updated and upgraded with Acacia wood floors in the main areas, feature walls, new granite counters, Black Stainless-Steel appliances and more! The Metal roof was installed in 2010, the HVAC in 2021, and Impact windows and sliders were done in 2018. The living room has a custom flagstone feature wall and opens to the dining area. The primary bedroom has a large walk-in closet and upgraded, en-suite bath. The kitchen has a cute pass-through window to the lanai which is perfect for relaxing or entertaining. Another shiplap feature wall greets you in the family room and leads to the second bathroom and second bath. There are too many upgrades to list so check out the feature sheet and be sure to take the 3d tour and virtually walk through the property. This is a great home in a great neighborhood that is close to shopping, restaurants, and all area amenities. Tamaron has low HOA fees of $150 a year and the home is not in a flood zone. If you are looking for a home that truly incorporates the best of outdoor Florida living, then add this one to your list and see it first. Easy to show.
Source: STELLAR #a4625380
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4625380
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.
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: #a4625380
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.