8648 Milestone Dr, Sarasota, FL 34238
3 beds · 3 baths · 1,724 sqft
Move In with Confidence & enjoy the best value in the community! This two-story block townhome is the only home in the community equipped with brand-new hurricane-impact windows in all bedrooms—offering safety, energy efficiency, and the convenience of no second-floor shutters. This spacious 3-bedroom, 2.5-bath home features an open floor plan, a master suite with preserve views, a custom glass-enclosed tile shower, and upgraded granite countertops in both upstairs bathrooms. The laundry room is conveniently located upstairs for easy access. Nestled against the 82-acre Culver House Preserve, enjoy breathtaking, unobstructed views and serene pond vistas from your screened lanai, complete with the calming sounds of dual fountains. Located in a gated community with a heated pool and amenity center, HOA fees cover lawn care, irrigation, and even your water bill for low-maintenance living. Just one mile from everyday conveniences and steps from the 18.5-mile Legacy Trail, perfect for biking and nature walks. Plus, you’re only 15 minutes from pristine Gulf Coast beaches. With premium hurricane protection, luxury upgrades, and an unbeatable location, this home is a rare find. Don’t miss out—schedule your showing today!
Source: STELLAR #A4641245
Financials
Source: STELLAR #A4641245
Source: Public records
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%. 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.
Other resourcesWhat 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.