7051 Turtle Ln, Sarasota, FL 34241
4 beds · 4 baths · 6,169 sqft
THIS CUSTOM QUALITY HOME HAS BEEN TOTALLY RENOVATED - NO EXPENSE WAS SPARED * THIS IS BETTER THAN NEW * Current homeowner painstakingly oversaw every step of the REMODEL including the walls down to the studs, NEW ROOF, NEW ELECTRICITY, PLUMBING, ALL BATHS, FULL KITCHEN, WOOD FLOORING, IMPACT HURRICANE WINDOWS & DOORS, CALIFORNIA CLOSETS (THROUGHOUT) - the list goes on & on! * You'll see the attention in every detail * All YOU need to do is move in & enjoy!* This is a GATED FAMILY ESTATE on 6.3 ACRES in much sought after Gator Creek Estates *Perfectly positioned among mature landscaping * Open the gate to a picturesque winding driveway that takes you past your lake & fountain to your PRIVATE FAMILY ESTATE * Open the double front doors to your open floor plan with volume custom ceiling & crown molding * ALL BEDROOMS ARE EN-SUITES * THE WHITE FRENCH OAK WOOD FLOORS ARE BEAUTIFUL * You'll love the Chef's Kitchen showcasing double islands, GAS COOK-TOP, 3 ovens, 3 refrigerators, 2 dishwashers, a SPACIOUS WALK-IN Butler's Pantry, QUARTZ counter-tops, and an abundance of storage * The Kitchen opens to the 27x18 Family Room * The Primary Retreat features a His & Her Bathroom (32x17) with a shared walk-in shower plus a private soaking tub * The walk-in California Closet is 23x14 * Adjoining the Primary Suite is the Den/Office with CUSTOM BUILT-INS * There is also a separate MEDIA ROOM with dishwasher & refrigerator * All of this wraps your TWO COVERED LANAIS with PANORAMIC SCREENED EXTENDED LANAI * This SPACIOUS OUTDOOR AREA is 90x27 and perfect for entertaining or simply relaxing in your slice of paradise * 3 Car Garage is attached to your home PLUS there is a Detached 2 Car Garage, with a Full Guest Suite or 4th Bedroom above the Garage with Full Bath + Living Room + Kitchen AWAITS YOUR PERSONAL REMODELING TOUCH * PERFECT FOR MULTI-GENERATIONAL LIVING OR EXTENDED STAY GUEST OR FAMILY * PLUS a 45 foot Carport for RV or Boat * IMPACT GLASS WINDOWS & DOORS FOR HURRICANE PROTECTION PLUS A BUILT-IN GENERATOR with 500 Gallon Propane Tank * Priced below replacement cost * Bring the family, pets, horses & all the toys * THERE'S PLENTY OF ROOM TO ROAM * Gator Creek is GATED at night * One mile to the Publix Shopping Plaza * Just 20 minutes to Siesta Key and even UTC Mall * Country living yet close enough to town * 'A' RATED SCHOOL DISTRICT * One look & you'll fall in love with this LOVINGLY REMODELED HOME *
Source: STELLAR #A4631894
Financials
Source: Public records
Source: STELLAR #A4631894
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.