4210 65th Ter E, Sarasota, FL 34243
2 beds · 2 baths · 1,696 sqft
**This home offers an ASSUMABLE MORTGAGE with a low fixed rate!! Save hundreds on your payment! Discover maintenance-free living in the sought-after 55+ community of Cascades at Sarasota!**This is a stunning Community Pool home with 2 Beds/2 Baths/2 Car Garage + BONUS Room. The BONUS ROOM can be used as a den/office or guest bedroom by utilizing an armoire or building a closet. **Your home is move-in ready and offers the perfect blend of comfort and style. Take in the serenity as you enjoy your pond view. **Upon entering the grand double doors, you'll notice the vaulted ceiling. The home boasts upgraded kitchen cabinets, quartz countertops, easy-to-implement accordion-style hurricane shutters, and an epoxy-coated floor in the two-car garage. **Additional highlights include an updated guest bathroom, a paver driveway, landscape curbing, mulched garden beds, and stainless and matching brand kitchen appliances. The primary suite offers dual walk-in closets, dual sinks, a corner soaking tub, and a separate walk-in shower. **The reasonable HOA fee includes a gated and monitored entrance, a Home Security System (optional Monitoring is a small monthly fee), Cable TV, Internet, Community Heated Indoor-Outdoor Pool, Escrow Reserves Fund, Maintenance of Common Grounds, Lawn Maintenance of your home, Manager, Private Road Maintenance, Gym, Recreational Facilities and there is no CDD fee. **Cascades at Sarasota features tennis, pickleball, bocce ball, a well-equipped fitness center, a Pro-Shop, a resort-style pool and spa, horseshoe pits, cornhole, an art studio, a billiards room, a dance studio, a media room/library, and a variety of social activities. This beautifully maintained home offers a rare opportunity to join the Cascades community, conveniently located near shopping and dining at UTC, I-75, downtown Sarasota and Bradenton, and SRQ airport.
Source: STELLAR #a4621810
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4621810
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: #a4621810
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.