7660 39th Street Cir E, Sarasota, FL 34243
3 beds · 2 baths · 1,431 sqft
This charming 3 bedroom 2 bathroom pool home is in a small, quiet family neighborhood with a fenced back yard and very low HOA fee. The home is not in a flood zone and has no CDD. New roof installed Nov. 2018 with a 25 year transferable warranty. 2019 New pool pump and Solar pool heating installed with a 10 year transferable warranty. New A/C installed in 2016, Kitchen was updated and kitchen appliances installed in 2018 as well as a new hot water heater, toilets, and fenced in backyard with double gates. The home has a security system that you own, and a "RING" doorbell. With a split plan layout, the master suite has a sliding door to the pool area. There is an indoor utility room and cathedral ceilings with planter shelves in the living room. The fenced back yard even has raised beds for gardening. The home is conveniently located to go shopping and dining at The University Town Center.
Source: STELLAR #a4632521
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4632521
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: #a4632521
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.