4855 Hoyer Dr Sarasota, FL 34241
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About this home
Tucked away on a very private lot, under a canopy of stately oaks, this gorgeous home in Foxfire West nestled on over two beautifully landscaped acres. The exterior construction of rustic brick over block blends gracefully into the wooded background and you will feel away from it all, but only a short drive to shopping, dining, and I-75. The current owners have lovingly cared for this home and made numerous improvements throughout, including a brand new kitchen. A double sided fireplace of natural coral stone shines its glow in both the formal living room and family room. The master suite features three sets of well-placed windows designed to bring the beauty of nature indoors. The open kitchen features a floating island and adjoins the dining area. The master bath is stylish with a glass block walk-in shower with 2 heads and a relaxing Jacuzzi tub. The second bedroom can also be a master with bathroom and new expansive walk-in-closet. Outdoor entertaining a must with a covered and screened 11 x 27 ft lanai and a composite wood deck with built-in brick BBQ. A garage workshop and storage shed come in handy and so does the 35 x 42 ft. parking space for boats or trailers. This home is extremely private and can not be seen from Hoyer Drive. New roof 2018, New Kitchen Appliances 2018, New Kitchen 2022, New Washer & Dryer 2020, New A/C 2020, New H.W.H. 2020. Owners in Foxfire West have access to Freshwater Lake, Foxfire access on Hubner drive. Total of 8 parking spaces. Shopping & Medical offices within a 5 miles drive. Seller to pay Title Insurance.
Source: STELLAR #A4661458
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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.
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