VA loan
1 of 75
VA loan
$789,900

25159 Spartina Dr, Venice, FL 34293

3 beds · 2 baths · 2,078 sqft sqft

Fantastic views surround this impeccably maintained Golf Village Home located in the luxurious Resort Community of Sarasota National. This almost new Executive Home includes 3 bedrooms, 2 bathrooms, a sparkling pool and spa, an outdoor kitchen, and is situated on a unique homesite, offering sensational sunsets, privacy, and peaceful, picturesque views. Cross the threshold into a warm welcome with a splendid entryway, an open floorplan, crown molding, porcelain wood plank style flooring in every room, stylish lighting, warm neutral finishes, and numerous tray ceilings. You will appreciate the architectural design and open layout of this home, including 8 ft doorways, and 5 1/4 baseboards. As you enter the main living area, you are greeted with a spacious great room, and a modern gourmet kitchen that is fully equipped with upgraded stainless-steel appliances, a built-in wall oven and microwave, a smooth cooktop, 42-inch cabinets with pull-out shelves, under cabinet lighting, tile backsplash, and a large island perfect for preparing delicious meals and entertaining friends and family. Exceptional granite countertops are in the popular island layout, which creates a double-sided workspace for food prep and allows plenty of seating for your guests. There is a separate dining area that is spacious in size and flows seamlessly into the oversized great room, which leads to your very own private oasis. Enjoy sunny days and beautiful sunsets poolside, soaking in the natural beauty of the lake and preserve on your oversized lanai that also has a custom-designed outdoor summer kitchen with a built-in grill, granite countertops, and beverage refrigerator. The spacious owner's suite features a tray ceiling, sliding glass doors leading to the lanai, “his & hers” closets as well as a luxurious ensuite bathroom, complete with dual vanities, granite countertops, a spa-inspired soaking tub, and a spacious walk-in shower. There are 2 additional guest suites near the 2nd bathroom, opposite the owner's suite, offering visiting family friends their own private space. The conveniently located laundry room offers a washer/dryer, cabinets, and a sink that allows easy access to the 2-car garage with an epoxy finish. For extra peace of mind, this home comes equipped with impact glass windows. Sarasota National is a masterplan community that offers luxury amenities including an 18-hole championship golf course (2 golf memberships included in home purchase), pro shop, clubhouse with bar and dining facilities, zero-entry heated resort-style pool, lap pool, spa, outdoor tiki bar, tennis, bocce and pickleball courts, 7,356 SQF fitness center, coffee cafe, playground, dog park and more. This home is just minutes from the Atlanta Brave's Spring Training Camp at the CoolToday Park Stadium, as well as the Town Center of Wellen Park. Beaches, historic downtown Venice, restaurants, shopping, and Churches are all just minutes away! If you have dreamed of owning a piece of Florida's paradise, look no further than Sarasota National... one of Venice's premier communities! Schedule your showing TODAY!

Interest rate 3
2.75%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,152
With Roam
$3,382
Reduce your monthly payments by $1,230 when you assume this mortgage.
You also save $398,656 in total interest paid.

$298,129
Edit

You may be able to put down less than the total down payment amount of $298,129 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,078 sqft
Price per sq ft
$418
Lot size
0.18 acres
Year built
2021
Type
Single Family Residence
HOA dues
$994.00

Source: STELLAR #n6134842

Loan
Remaining term
27 years
Rate
2.75%
Monthly P&I
$2,152
Remaining loan balance
$491,770

Source: Public records

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Oct 30, 2024 08:46 am
Listing agent: Marni Scott (941) 518-2354
Listing provided courtesy of: EXIT KING REALTY (941) 497-6060
Details provided by STELLAR and may not match the public record.
MLS ID: #n6134842
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,152/mo
View details