9032 Excelsior Loop, Venice, FL 34293
3 beds · 2 baths · 1,748 sqft
Tucked away amidst lush landscaping, this meticulous corner home offers exceptional privacy and a tranquil living experience in the highly coveted Rapalo community. This remarkable 3-bedroom, 2-bathroom residence boasts a thoughtfully designed open floor plan, complemented by stunning granite kitchen countertops and stainless steel appliances. With over 1700 sq ft living space, this home is perfectly suited for both entertaining and serene relaxation. The spacious primary bedroom is a true retreat, featuring beautiful tile flooring and an expansive walk-in closet. The en-suite bathroom offers a dual vanity and walk-in shower, providing ease and convenience. Two additional well-appointed bedrooms share a tasteful full bathroom, ensuring ample space for family or guests. The flowing layout of the kitchen and living areas creates an inviting atmosphere, seamlessly opening to to the expansive, brick paved lanai—a perfect setting for intimate dinners or larger gatherings. This extended lanai, adorned with a charming sun pergola, invites you to unwind in the privacy of your expansive fenced yard, while enjoying Florida’s year-round warmth. The home’s corner location ensures a peaceful setting, with added seclusion from neighboring homes. Brick pavers leading to the entry enhance the curb appeal of this property, while the NEW ROOF, installed in 2022, offers peace of mind for years to come. The garage is equipped with a workbench, ideal for DIY projects or hobbies, and provides ample storage space for your belongings, along with a convenient bike rack. As an added bonus, the owners are generously including an electric heated fireplace, as well as some furniture pieces, ensuring a seamless transition to your new home. The gated Rapalo community offers a maintenance-free lifestyle, with HOA fees of $700 quarterly, covering lawn care and access to the heated, community pool. This exceptional home provides effortless living, with easy access to US 41 and I-75, placing you just minutes from shopping, Walmart, Lowes, Venice Island, Wellen Park, and the renowned Atlanta Braves’ spring training at CoolToday Park. Whether you seek the beach, local shopping, or dining, this location offers the best of Venice. Don’t miss the opportunity to experience refined Florida living—schedule your private showing today and make this exquisite home yours.
Source: STELLAR #A4641407
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #A4641407
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.