5896 Whistlewood Way, Sarasota, FL 34232
4 beds · 2 baths · 1,662 sqft sqft
Welcome to the paradise of Ridgewood Estates in sunny Sarasota Florida! Discover the elegance in this stunning Sarasota home, nestled on a tranquil street in a coveted neighborhood. With meticulous attention to detail and superior craftsmanship, this residence offers a luxurious lifestyle in every aspect. The floor plan design seamlessly integrates the living, dining, and kitchen areas, creating an ideal space for both relaxation and entertaining. The windows flood the interior with natural light, accentuating the sleek lines and modern finishes throughout. The gourmet kitchen is a chef's delight, featuring state-of-the-art appliances, custom cabinetry, and a spacious island perfect for culinary creations and casual dining. The primary suite is a sanctuary of luxury, offering a peaceful retreat with its spa-like bathroom, complete with an oversized shower. Outside, the landscaped grounds provide a private oasis, complete with a pristine swimming pool and outdoor living space ideal for dining and lounging in the Florida sunshine. Conveniently located in Sarasota, renowned for its cultural amenities, beautiful Gulf beaches like Siesta Key, Lido Beach and Longboat Key, and vibrant downtown, this home offers the perfect blend of serenity and accessibility. Whether you seek a serene retreat or an entertainer's paradise, 5896 Whistlewood Way exceeds expectations for the discerning buyer seeking the best of Sarasota living. Arrange your private viewing today and experience the luxury and allure of this exceptional Sarasota residence. #JustAnotherDayInParadise
Source: STELLAR #a4616881
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4616881
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: #a4616881
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.