3231 Meadow Run Dr, Venice, FL 34293
3 beds · 2 baths · 1,676 sqft sqft
One or more photo(s) has been virtually staged. If you are looking for a home with an amazing backyard WATERFRONT LAKE VIEW, this one is a must see! NEW HURRICANE IMPACT WINDOWS were installed in 2022 and the roof was replaced in 2018 to add to your piece of mind. NEW wood look plank tile flooring was just installed that flows through the living, dining, kitchen, guest bath and primary bedroom so NO CARPET. The desirable split bedroom floor plan will provide the privacy for everyone to have their own space. Enjoy your morning coffee on the 10 x 18 back enclosed lanai while looking out onto the tranquil water view with nature on full display! The kitchen features granite countertops and a breakfast nook that opens onto the enclosed lanai. Nice sized 22 x 23 deep garage to provide the extra storage or workbench space. The backyard boasts a large paver patio overlooking the lake, the perfect place to host gatherings for friends and family. The location of the home is so convenient to all your needs and wants. The LOW HOA FEES include the community pool, fitness center and tennis courts. UNDER 6 MILES to everything including the beautiful beaches along the Gulf of Mexico, Historic Venice Downtown with many little boutique shops, restaurants and the Venice Performing Arts Theatre, and the new upcoming Wellen Park with concerts and community activities. Spend the day golfing, fishing, boating, or relaxing in the community pool, then head out to the many shopping and dining options just a short drive away. Everything is so close but yet you feel a world away in this tranquil spot for your own piece of paradise. NO HURRICANE DAMAGE!
Source: STELLAR #d6138524
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #d6138524
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: #d6138524
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.