7887 Limestone Ln # 12-102, Sarasota, FL 34233
3 beds · 3 baths · 1,776 sqft
Motivated Seller! Welcome to this beautifully maintained 3-bedroom, 2.5-bath townhome located in the highly desirable gated community of Stonehaven. With LOW HOA fees and NO CDD fees, this townhome offers both easy access to everyday living needs and affordability. prime location off Clark Rd offers easy access to Siesta Key Beach, dining, shopping, I-75 for convenient commutes, the UTC mall, and highly rated schools. Opening the door you'll find an open floor plan featuring a spacious living room, dining area, a versatile family room, kitchen and half bath all on the first floor. The first floor has attractive ceramic tile throughout, and a convenient half bath is centrally located. Family room can be used as a dining area off the kitchen, an office space, or a cozy gathering area. The kitchen has a generous breakfast bar, perfect for casual meals or additional seating. Granite counters and stainless steel appliances are an added bonus. Right off the kitchen a sliding glass door leads to the outdoors to a screened-in lanai off the kitchen, perfect for relaxing or entertaining. Upstairs, the large primary bedroom features a walk-in closet and an ensuite bathroom complete with large vanity and a walk in shower. The inside laundry room is also conveniently located on the upper level. Two additional bedrooms and a full bath complete the second floor, great for family or guests. In wall pest system keeps the critters away. The 1-car garage includes additional overhead storage, providing ample space for your belongings. The driveway is ample size for an additional vehicle and there is plenty of guest parking in the neighborhood. Residents of Stonehaven can enjoy the heated community pool, playground, and scenic walks along the community's sidewalks. Don't miss the opportunity to make this wonderful townhome your own!
Source: STELLAR #A4642330
Financials
Source: Public records
Source: STELLAR #A4642330
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.