1418 Grantham Dr Sarasota, FL 34234
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About this home
DEAL ALERT!!!!! BUY THIS TOWNHOME WITH INSTANT EQUITY!!! Very minor cosmetic details need some attention, but the unit is priced with that in mind! Own one of the largest floor plans in the community at the price of the medium sized unit!! The home has a Spacious Layout: 3 bedrooms and 2.5 bathrooms with an open, light-filled design. Entertainer’s Kitchen: Flows seamlessly into the dining and living areas—perfect for hosting guests. Private Primary Suite: Includes a walk-in closet and en-suite bath for comfort and privacy. Outdoor Living: Screened back patio lanai ideal for relaxing, plus a private garage for added convenience. Prime Location Highlights Minutes from Siesta Key and Lido Key Beaches Close to St. Armands Circle for shopping and dining Near cultural gems like The Ringling Museum and Bayfront Park Convenient access to UTC Mall, Ed Smith Stadium, and Sarasota-Bradenton Airport
Source: STELLAR #C7516807
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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.