8262 Velda Trl, Sarasota, FL 34241
4 beds · 3 baths · 2,487 sqft
Available for Immediate Occupancy. Seller may pay up to $19,000 towards buyers actual closing cost. Built in 2021, this beautiful 4 bedroom, 2.5 bathrooms home in Cassia at Skye Ranch. Starting in the fall 2025 you can walk the kids to the new K-8 school just outside the entrance gate.. High school to be built nearby. Walk to Pickleball, Tennis, extra large resort pool, separate junior Olympic lap pool, lots of pool decks with chairs, Soccer, indoor basketball, state of the art workout facilities, Cafe, Group classes, Summer Camps, Sand Volleyball, baseball, Playground, dog park. walking trails and bike paths The rear view is the back yard and a beautiful conservation area. The ground floor features laminate throughout with a spacious open floor plan. Beautiful kitchen with island and solid quartz counter tops. Living room has an electric fireplace. Open and spacious dining room. Large Flex space that can be used for what you need. Enjoy sitting on the screened lanai. The half bath and Laundry room with extra storage are off the flex space. Upstairs the master bedroom has a large en suite bathroom, Quartz counter tops, sitting room, walk in closet and beautiful views ! At the top of the stairs is the large game room with the master to the left and the 3 other bedrooms to the right. CDD is included in the real estate tax bill. Skye Ranch is located just a short drive to I-75. The beautiful beaches of Siesta Key, Downtown Sarasota, Downtown Waterside, UTC Mall are a short car ride away. Refrigerator, washer and dryer are negotiable.
Source: STELLAR #a4619650
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4619650
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: #a4619650
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