5807 Garfield Rd, Venice, FL 34293
3 beds · 2 baths · 2,172 sqft sqft
REDUCED! Stunning Custom residence, Updated from top to bottom, Move-In-Ready, OPEN CONCEPT GREAT ROOM – Light and Bright Split Bedroom Floor plan with Cathedral Ceilings, over 2100 square feet of indoor living space, plus Heated Pool with Spill-Over-Spa, located in the highly desirable Gulf View Estates, and less than five minutes to have your toes in the sand at the beach! Major Infrastructure Upgrades include NEW Roof 2023, AC replaced in 2019, updated electrical panel, switches & receptacles, new hot water tank, plus the whole house is replumbed. A Cook’s Kitchen with quartz countertops, Center Island, New stainless appliances, built-in double ovens, microwave, cooktop, deep sink, pantry, abundance of cabinets, drawers and counters! Exceptional Master-Suite with French doors opening to the pool, large custom walk-in closet, luxurious Master Bathroom with quartz double vanity plus sit-down make-up vanity, large walk-in shower, and garden tub. Other upgrades and features include Luxury Vinyl flooring throughout (except baths), New lighting fixtures, Three sets of glass doors opening to the lanai and pool area, plus the 2nd bathroom with quartz vanity also opens to the pool, indoor laundry room with a window, outdoor shower, covered pool-side lanai, Extra-Large Lot and more! Gulf View Estates has public water and sewer, NO CDD, and the LOW HOA is $265 year! Another Bonus is the Qualifying ASSUMABLE VA LOAN with a 5.75 Fixed Rate and NO FLOOD ZONE! Convenient location to the Island of Venice with Historic Downtown, plus numerous beaches, shopping, dining, golf, medical, top-rated schools and much more! This gorgeous home is a must see because it makes you feel great and will not last long!
Source: STELLAR #n6134050
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #n6134050
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: #n6134050
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.