7030 12th Ct E, Sarasota, FL 34243
3 beds · 2 baths · 1,332 sqft
Under contract-accepting backup offers. Welcome to your dream home! This stunning 3-bedroom, 2-bathroom residence offers a perfect blend of comfort and style with a desirable split floor plan, ideal for both privacy and convenience. Step into the spacious living area, enhanced by soaring vaulted ceilings that create an open, airy atmosphere. The heart of the home is the large kitchen, featuring elegant granite countertops and ample space for culinary creativity. The adjacent dining area provides a cozy setting for family meals or entertaining guests. Assumable FHA loan with a 4.5 rate! New AC in 2022. New Roof will be installed prior to closing. Nestled on nearly a quarter-acre lot, this property boasts mature trees that provide shade, beauty, and a sense of tranquility. The expansive yard offers plenty of room for outdoor activities, gardening, or simply enjoying the serene surroundings. Located in a prime spot, this home is perfect for those who love to be close to the action. You'll find yourself just a short drive away from the vibrant events in Bradenton and Sarasota, as well as some of Florida's most beautiful public beaches. Whether you're hosting a gathering or heading out for a day of sun and sand, this home offers the perfect base for enjoying the best of the Gulf Coast lifestyle. Don't miss the opportunity to make this exceptional property your own!
Source: STELLAR #a4620280
Source: STELLAR #a4620280
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: #a4620280