VA loan
1 of 70
VA loan
$425,000

4210 65th Ter E, Sarasota, FL 34243

2 beds · 2 baths · 1,696 sqft

2 BED / 2 BATH + DEN / 2 CAR GARAGE 1,696 SQFT maintenance-free home with PRIVATE POND AND PRESERVE VIEWS located in The Cascades - Sarasota’s premier 55+ LUXURY RESORT-STYLE COMMUNITY renowned for the CENTRAL LOCATION, SOCIAL ATMOSPHERE, and LOW HOA FEES. For only $1,472/QUARTER, lucky residents get FULL YARD CARE, CABLE TV + INTERNET, GATED ENTRANCE, and full AMENITY ACCESS with *** NO CDD FEES ***. The Cascades was specifically built to create and promote a healthy, connected, and active mature-adult lifestyle where residents could easily meet like-minded neighbors and ENJOY LIFE TOGETHER. A FULL SOCIAL CALENDAR FEATURING WEEKLY/MONTHLY ORGANIZED EVENTS makes life FUN and EASY. Amenities include: 25,000 SQFT GRAND CLUBHOUSE featuring BALLROOM + FULL KITCHEN, CARD ROOMS, BILLIARDS ROOM, ARTS/CRAFTS STUDIO, LIBRARY/MEDIA ROOM to the UNIQUE HEATED RESORT-STYLE INDOOR-OUTDOOR POOL w/SPA, STATE-OF-THE ART FITNESS CENTER w/ DANCE STUDIO, 6 TENNIS COURTS w/ PRO SHOP and active league play, 2 PICKLE BALL COURTS, and 3 BOCCE BALL COURTS. When you arrive at this QUALITY-BUILT LEVITT HOME you will immediately notice the upgraded TILE ROOF, PAVER DRIVEWAY + FRONT WALKWAY, SCREENED FRONT PORCH, and MATURE LANDSCAPING. The stately DOUBLE DOOR ENTRY will make moving a snap. Inside the home, the first thing you will notice are the SOARING 16’ VAULTED CIELINGS and LIGHT, BRIGHT, OPEN CONCEPT feel of the home. The large 21’ x 12’ GREAT ROOM features fantastic views of the NATURE PRESERVE to the rear of the home via SLIDING GLASS DOORS which access the EXPANSIVE COVERED AND SCREENED LANAI w/upgraded epoxy floors. This large outdoor space is perfect for entertaining or just relaxing and enjoying the PEACEFUL AND SERENE POND VIEWS. This home enjoys a coveted SOUTHERN EXPOSURE so the lanai space is truly usable year round. The Kitchen features GRANITE COUNTERS, RICH CHERRY WOOD CABINETRY, AND MODERN MATCHING STAINLESS STEEL APPLIANCES. The 16’ x 14’ PRIMARY SUITE features DUAL WALK-IN CLOSETS and private views of the back yard. Upgrades include * ACCORDIAN HURRICANE SHUTTERS * for security and peace of mind and EPOXY garage floors which give the garage a more finished feel. This location is just 7 MILES TO DOWNTOWN SARASOTA, 12 MILES TO ST. ARMAND’S CIRCLE and GULF BEACHES. Also nearby , you will find PUBLIX, University Town Center (UTC) Shopping/Dining/Entertainment District, and I-75. THIS HOME AND LIFESTYLE ARE AN ABSOLUTE MUST SEE AND AN UNBEATABLE VALUE!

Estimated
Seller's interest rate
5.09%
7%
Estimated
Principal & interest
$1,911/mo.
$2,318
You may also save up to $134,349 in total interest paid.
Listing price
$425,000

Your cash down payment
$85,796
Seller’s estimated current equity is $85,796
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,911 monthly payment

Financed
$339,203
Assumed mortgage 5.09% • Seller's rate
$339,203
2nd mortgage 9.25% • No prepay penalty
$0

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
Use two fingers to move the map
Details
Home
Size
1,696 sqft
Lot size
0.15 acres
Year built
2005
Type
Single Family Residence

Source: STELLAR #A4629991

Loan
Remaining term
27 years, 6 months
Rate
5.09%
Monthly P&I
$1,911
Remaining loan balance
$339,203

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?

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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?

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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?

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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?

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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.

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Last updated: Jan 20, 2025 07:10 pm
Listing agent: John Fevrier (941) 284-2992
Listing provided courtesy of: RE/MAX ALLIANCE GROUP (941) 954-5454
Details provided by STELLAR and may not match the public record.
MLS ID: #A4629991
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 © 2025 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.
$1,911/mo
View details