721 Myrtle Ave Venice, FL 34285
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About this home
The perfect Vacation home (Furnishings available) or family home. VA assumable loan for qualified veterans. No restrictions! Relax in this Historical treasure with a modern twist! 3/2 pool home registered with the Venice historical society offers all the modern conveniences one would find in a Florida resort style home with a unique style and modern amenities. This Rare and unique abode has been beautifully restored and remodeled, maintaining key historical elements! Only one of three homes make the Venice Historical Registry (tax perk). Upgrades include, New Cabana style pool, Metal Roof, AC, Tankless water heater, Kitchen, State of the art stainless steel appliances including the Refrigerator which make specialty Ice perfect for those mixology enthusiast. New bathrooms, Luxury vinyl flooring and some New impact windows . The New Open Kitchen features wood cabinets, solid Granite countertops, Plumbing fixtures and much more. He The open living room features wood deco ceilings, modern fixtures and doors. Enjoy sunny breezy afternoons on your cute front porch with a view of your perfect picket fence. The back yard offers amazing sunset views from your private tropical oasis complete with a saltwater solar beach style entry pool and fresh paver patio. Adjacent to the pool is the partially completed She shed with potential as a cabana and or office. This home is Just Minutes from beaches, shopping, restaurants, downtown, Venice Island and more. Call today to schedule your tour of this one of a kind Historical home with a modern twist. Furniture negotiable:)
Source: STELLAR #A4663095
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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.