7048 White Willow Ct, Sarasota, FL 34243
4 beds · 4 baths · 2,597 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning 4-bedroom, 3.5-bathroom home located in the desirable, gated community of Magnolia Point. This home features a spacious open-concept design and soaring two-story ceilings in the living area, creating a bright and airy atmosphere. In addition to the four bedrooms, there is also an office featuring double doors. The gorgeous kitchen offers a gas stove and granite counter tops. Off the kitchen is an oversized walk-in pantry and connected laundry room with a gas dryer hook-up. The primary bedroom is conveniently located on the main floor, offering privacy and easy access, while three additional bedrooms and two bathrooms are located upstairs. The second floor offers the perfect guest quarters as there is a large loft and ensuite bathroom to one of the three bedrooms. Step outside to your private backyard oasis, where you'll find a beautiful salt water, heated pool (built in 2022) surrounded by an oversized deck, which is all enclosed in a screened lanai. The pool service is even covered by the sellers until 7/2025! This space is perfect for entertaining or relaxing in comfort while enjoying the Florida lifestyle. With its thoughtful layout and inviting outdoor space, this home is ideal for both family living and entertaining. Inside, the home has been meticulously updated with high-end finishes and features. Enjoy the comfort of a dual-zone AC system with a 10-year parts warranty and UV light for sanitizing. There is a whole home surge protector and an additional surge protector that includes the interior and exterior HVAC system. In addition to multiple upgrades, this home has a newer roof (replaced in 2023) and HVAC unit (2022)! This lovely property is located close to the beach, but in Flood Zone X, so no flood insurance is required! Just a short drive to the award-winning Gulf beaches, including St. Armand's Circle, Lido Key, and Longboat Key, this home offers both luxury and convenience. With easy access to beautiful beaches, upscale shopping, and dining, this stunning home offers everything you need and more. Don't miss your chance to make it yours!
Source: STELLAR #L4951119
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #L4951119
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.