3622 Bonaventure Ct, Sarasota, FL 34243
2 beds · 2 baths · 1,330 sqft sqft
VILLAS OF CEDAR CREEK - Built SOLID and made to last! *Newer impact windows* OWNER HAS SIGNED A CONTRACT FOR A NEW ROOF INSTALLATION! Owner says "Let's sell this"! As you approach the breezeway entrance, there is a nice tile porch for sitting outside & enjoying our beautiful sunny days - enter through breezeway that connects your two car garage to the front door - no worries about the weather. The owner has moved his personal items out and it's now ready for your own personal touch - Bring fresh eyes into this home and imagine creating your own warm space! Very large rooms; light kitchen has pass through window to the dining space with wide open living room. To the rear of the living area is another large room separated by slider for giving you a private space off master as well as an office off living area - or could be two office spaces! 2 Bedrooms with walk in closets showing off nice built ins; master bath with shower and vanity area, dual sinks. The possibilities are endless here. Off the back space is a small lanai area for sitting while you grill outside on the patio or taking a "smoke" break - all sitting on a beautifully landscaped tropical lot. The villas of Cedar Creek have some of the lowest HOA fees in the area - and includes a heated pool/spa with small clubhouse and outdoor grilling area for gathering with your friends. Also a very pet friendly neighborhood so bring your fur babies - no weight max! Don't let this one sit - come forward and make this your new home! With impact windows and new roof, binding insurance will be easier. Cedar Creek is surrounded by ponds and mature trees - the Villas are made of concrete block and have survived every storm, every hurricane that has come our way to date. Buy now if you need to renovate, rebuild or have decided to just relocate - this is a great investment and did great in the storms!
Source: STELLAR #a4599410
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4599410
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: #a4599410
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.