11570 Blackfin St Venice, FL 34292
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About this home
Welcome to this beautifully maintained 3-bedroom, 2-bathroom single family home with an office located in the desirable Caribbean Village community in Venice, Florida. This pristine residence offers a perfect blend of comfort, elegance, and Florida charm. Step inside to find high ceilings, crown molding and an open split floor plan, ideal for entertaining and everyday living. The kitchen is a chef's dream with granite countertops, stainless steel appliances and a beautiful backsplash. There is seating at the island and a closet pantry. The spacious living area flows seamlessly to the screened lanai with pavers, where you can relax and take in the peaceful surroundings. This is the best lot offering private preserve and water views which offers tranquility and a variety of wildlife. The backyard butterfly garden is truly enchanting; attracting colorful butterflies and hummingbirds, and even a family of sandhill cranes that call this area home. This maintenance-free community offers resort-style amenities including two gated entrances, a sparkling community pool, clubhouse, and fitness center, providing the perfect balance of relaxation and activity. Conveniently located in the wonderful town of Venice, you’ll enjoy easy access to beautiful Gulf beaches, charming downtown shops, dining, entertainment and access to the interstate. The current owner has an assumable 2.875% VA loan which can be assumed by anyone. You do not have to be a Veteran. Don’t miss this opportunity to own your slice of paradise in Caribbean Village! The home you’ve been searching for awaits!
Source: STELLAR #N6141119
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.