7817 GENEVA LN, Sarasota, FL 34243
Welcome HOME to this 2/2/2 on a CUL-DE-SAC in the HIGHLY SOUGHT AFTER community of Treetops! When you enter, you are greeted with an abundance of natural light effortlessly flowing through the home, an expansive open floorplan, and tall VAULTED CEILINGS, adding a grand, airy feel to the living spaces. Discover the joy of cooking with the sleek, MODERN COOKTOP in this gourmet kitchen with a built-in oven, a cooking island, stainless steel appliances, gorgeous white cabinetry and a pantry! The kitchen flows into the dining area and the main living area, creating a seamless design which allows for easy interaction between spaces, whether you’re cooking, dining, or relaxing with family and friends. The primary bedroom has plenty of room for a sitting area, a large WALK-IN CLOSET, and an ensuite bathroom, offering both comfort and sophistication—your private escape. The guest bedroom is currently used as an office and a den, however it would be perfect for your guests! Step outside to the inviting screened-in lanai, perfect for enjoying the outdoors year-round. This spacious, bug-free area is ideal for relaxing with a morning coffee, an evening dinner, or entertaining guests. With its seamless connection to the home, the lanai provides the supreme extension of your living space, offering a peaceful retreat to soak in fresh air and scenic views in comfort. The backyard is fully FENCED! Treetops has incredible amenities, with low HOA fees that include the community pool, tennis courts, recreational facilities, and cable and internet! There are also NO CDD fees! The community is conveniently located within a 5 min drive to Sarasota International Airport, and UTC Mall! There are hundreds of restaurants and shops nearby, but downtown Sarasota is only about 15 min away, as well as the bridge to Lido Key and the Famous GULF BEACHES! Priced below market value, this opportunity is waiting for you to call HOME.
You may be able to put down less than the total down payment amount of $181,521 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #w7868117