3622 BONAVENTURE CT, Sarasota, FL 34243
VILLAS OF CEDAR CREEK - *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 offer 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 offer 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 - step up and make an offer! With impact windows and new roof binding insurance will be easier. Cedar Creek is surrounded by ponds and did great in the storms! No flooding in here - easy to get in and out - no road issues.
You may be able to put down less than the total down payment amount of $178,445 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4599410