8681 Daydream St, Sarasota, FL 34238
3 beds · 3 baths · 1,724 sqft
A beautiful townhome nestled in a secure gated community, offering unparalleled privacy and outdoor space, with no neighbors behind you! This is a 3-bedroom, 2.5-bath concrete block residence by DR Horton with an open-concept Ballantyne floor plan. The foyer presents a welcoming entrance with a convenient half bath and 1-car garage access. The pristine residence features several upgraded designer chandelier-style light fixtures, adding a touch of elegance. The first floor showcases tiled flooring that extends throughout the spacious living and dining areas, leading into the kitchen and creating an inviting, stylish atmosphere. Experience modern living in this stunning kitchen with a spacious walk-in pantry, exquisite cabinetry, granite countertops, stylish subway-tiled backsplash, and stainless-steel appliances. The expansive center island features bar seating and provides additional storage space. Upstairs is a laundry area and a secondary bathroom near two bedrooms. The primary bedroom is situated on a separate side of the second floor. It includes a built-in closet and a walk-in within a well-appointed en-suite bath, which boasts dual sinks, granite surfaces, tile, and a shower with a glass door. Sliding glass doors open to a covered, screened lanai featuring artificial turf, leading to an enjoyable backyard space that feels like a single-family home. Location and ease of access are paramount! The Promenade at Palmer Ranch has resort-style amenities, a swimming pool, and a lounge area with a cozy fireplace. It is ideally situated less than a half mile to The Legacy Trail, just minutes from Clark Road, and a short drive to the white sugar sand beaches of Siesta Key. In an A-rated Sarasota school district near shopping, dining, and entertainment. Don’t miss out on the opportunity to make this fantastic property yours!
Source: STELLAR #A4643487
Financials
Source: STELLAR #A4643487
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.