6633 SERENITY FALL LN, Sarasota, FL 34240
One or more photo(s) has been virtually staged. Welcome to 6633 Serenity Fall Ln., where comfort meets convenience in this stunning 3-bedroom, 2.5-bathroom home offering over 1,700 square feet of thoughtfully designed living space. As you step inside, you'll be greeted by a spacious open-concept first floor, perfect for both relaxing and entertaining. The foyer leads to a cozy half bathroom, and a large closet, and flows into the inviting living room that boasts breathtaking pond views through the upgraded double-paned sliders. The seamless blend of dining and kitchen areas features beautiful ceramic tile flooring, sleek granite countertops, a generous walk-in pantry, and 2021 appliances that make meal prep a breeze. Upstairs, the master suite is your private retreat with two closets, including a walk-in, and an en-suite bathroom designed for comfort. Two additional bedrooms and another full bathroom provide plenty of space for family or guests. Enjoy your morning coffee on the screened-in patio while taking in the serene pond views, a perfect way to start the day. This home also includes a one-car garage with additional driveway parking and peace of mind with a maintenance plan on the HVAC system. The roof is only three years old, and the homeowner is responsible for its upkeep. Ideally located just a short distance from Waterside Town Center, with incredible dining options nearby, and easy access to I-75, you're only minutes away from the University Town Center and downtown Sarasota. Plus, the world-famous Siesta Key Beach is less than 15 miles away, making this the perfect spot for both everyday living and weekend getaways. Don't miss the chance to call this beautiful property your new home!
You may be able to put down less than the total down payment amount of $127,752 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3551918