VA loan
1 of 78
VA loan
$769,000

8452 Eagle Preserve Way, Sarasota, FL 34241

3 beds · 3 baths · 2,594 sqft sqft

Don't let this one get away! * Location, location, location * A-RATED SCHOOL DISTRICT * This EXECUTIVE FAMILY HOME BOASTS A VERY PRIVATE SETTING BACKING TO A 62 ACRE PRESERVE - no neighbor to the rear! * PREMIUM ESTATE-SIZED Lot is almost 1/2 Acre * It's a special opportunity to live in the sought after GATED NEIGHBORHOOD of MISTY CREEK * NEW ROOF 2015 * NEW A/C 2019 * ALMOST ALL APPLIANCES ARE 1 YEAR OLD * Volume ceilings * Split plan design * Spacious Primary Suite with a Spa-style Bath featuring a walk-in shower, tub & dual sinks * Formal Living Room & Formal Dining Room * Chef's Kitchen with granite counter-tops is open to the Family Room with a GAS Fireplace * A great home for entertaining or simply relaxing in your slice of paradise * CUSTOM POOL & SPA * OVERSIZED COVERED LANAI * VERY PRIVATE SETTING * Custom landscaping * Yard irrigation with private yard well * Gated neighborhood with 24/7 security * Misty Creek Country Club is including 1 month free golf membership with the sale of this home * Membership to Golf & Country Club is NOT mandatory * LOW HOA FEES! * Country feel yet 5 minutes to the NEW Publix shopping plaza & Rothenbach Park * Short 15 minute drive to Siesta Key Beach or UTC Mall * A-RATED SCHOOL DISTRICT * One look & you'll fall in love

Interest rate 3
3.47%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,825
With Roam
$2,402
Reduce your monthly payments by $577 when you assume this mortgage.
You also save $152,942 in total interest paid.
$431,453
Edit

You may be able to put down less than the total down payment amount of $431,453 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.
45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,594 sqft
Lot size
0.38 acres
Year built
1995
Type
Single Family Residence

Source: STELLAR #a4613534

Loan
Remaining term
22 years, 1 month
Rate
3.47%
Monthly P&I
$1,825
Remaining loan balance
$337,546

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

View all FAQs
Resources
Last updated: Oct 23, 2024 09:18 am
Listing agent: Glenn Brown (941) 342-6464
Listing provided courtesy of: RE/MAX ALLIANCE GROUP (941) 954-5454
Details provided by STELLAR and may not match the public record.
MLS ID: #a4613534
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
Interest rate 3
3.47%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,825
With Roam
$2,402
Reduce your monthly payments by $577 when you assume this mortgage.
You also save $152,942 in total interest paid.
$431,453
Edit

You may be able to put down less than the total down payment amount of $431,453 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

$1,825/mo
View details