5416 Isabella Ave, Sarasota, FL 34235
3 beds · 2 baths · 1,461 sqft
Welcome to your new oasis in sunny Sarasota! This delightful 3-bedroom, 2-bathroom pool home is situated on a spacious, fenced-in corner lot, offering both privacy and plenty of room for outdoor activities. Enjoy the freedom of living with NO HOA restrictions, where you have the flexibility to personalize your home and yard. The property features Hurricane Impact Windows and a 2024 roof, ensuring peace of mind during stormy weather and energy efficiency. The layout of the living and dining areas provides a versatile space that's perfect for family gatherings and entertaining guests. The kitchen and bathrooms are ready for your creative touch, offering a blank canvas to transform them into your dream spaces. Step out back to your private backyard, complete with a screened-in pool, perfect for cooling off on those warm Florida days. The expansive lot provides plenty of room for gardening, play areas, or even an outdoor kitchen. Convenience is key, with easy access to major roads, making your commute a breeze. Whether you're heading to the beach, local shops, or dining spots, everything you need is within reach. Don't miss this opportunity to own a home with great potential at a great price in a prime Sarasota location just minutes away from the UTC shopping and dining area. With a little imagination, this property can be turned into the perfect haven tailored to your needs. Schedule a viewing today and start envisioning the endless possibilities that await!
Source: STELLAR #tb8331457
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8331457
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: #tb8331457
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.