7725 Sandhill Lake Dr, Sarasota, FL 34241
3 beds · 3 baths · 2,600 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This impressive Magnolia designer model home has withstood the last three hurricanes without a scratch, demonstrating its solid construction—ideal for multi-generational living. The residence features 3 bedrooms, 3 bathrooms, a den, and 2,600 square feet of living space, providing ample room for families. Designed by Heritage Builders, it includes two garages with space for three cars and direct access to a private wing, perfect for returning parents or live-in care. Experience luxury and comfort as you enter this award-winning home, which showcases an open floor plan with 12-foot ceilings and abundant natural light. Highlights include luxurious laminated flooring, crown molding, and a gourmet kitchen equipped with quartz countertops, a gas stove, custom cabinets, and a walk-in pantry. The dining area opens to the pool, seamlessly blending indoor and outdoor living. The main bedroom offers pool access, a tray ceiling, and two custom walk-in closets, while the spa-like en suite bathroom features porcelain tile and a spacious shower. Outside, the lanai overlooks the heated saltwater pool and spa, surrounded by lush landscaping for privacy. Pre-plumbed for an outdoor kitchen, it’s perfect for entertaining. This home epitomizes luxury living in a premier community, with every detail thoughtfully curated for an exceptional experience. Located just minutes from dining, golf courses, and Siesta Key, this home has no CDD fees and a low HOA fee that covers lawn maintenance and pest control. It’s also in a highly rated school district, making it a great choice for families. Refer to the attached Upgrades/Features Sheet for more details.
Source: STELLAR #A4629524
Source: STELLAR #A4629524
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 and Equal Opportunity Act.