Major updates make this North Port home an exceptional value, featuring a newer metal roof and a brand-new water heater. The property is equipped with solar panels and a salt-free water softener system for added efficiency and convenience. Inside, you’ll find an updated kitchen with all-new appliances, new granite countertops, and luxury vinyl plank flooring in select areas, complemented by tile flooring in other rooms. Situated in Flood Zone X, no flood insurance is required. For added peace of mind, the home includes a 24-hour security system with a 16-camera high-definition surveillance setup. Welcome to this beautifully updated 3-bedroom, 2-bath split floor plan home, designed for both comfort and everyday living. With the primary suite thoughtfully positioned on its own side of the home, you’ll enjoy added privacy, along with a spacious walk-in closet and an en suite bathroom featuring dual sinks, a relaxing garden tub and a separate walk-in shower. The heart of the home is the open kitchen and living area, perfect for gathering and entertaining. The kitchen features all-new appliances, granite countertops, and a convenient breakfast bar. A dining area just off the kitchen flows seamlessly into the living room, creating an open and inviting space ideal for everyday living and hosting guests. Step outside and take full advantage of Florida living. The oversized backyard offers plenty of room for pets, play, or creating your own outdoor retreat. The expansive lanai is a true highlight, enclosed with sliding glass doors on three sides, plus a pass-through window to the kitchen—ideal for entertaining or simply enjoying the breeze year-round. Additional features include a dedicated laundry room with a sink and washer/dryer hookups. Conveniently situated near shopping, dining, and medical facilities, this home is just minutes from the new Sarasota Memorial Hospital campus currently being built. You’ll also appreciate being close to Cocoplum Village Shops, offering easy access to grocery stores, fitness centers, retail shopping, banking, and a variety of casual and sit-down dining options. Enjoy nearby attractions such as the North Port Aquatic Center, North Port City Green, and the growing Wellen Park area, home to the Atlanta Braves Spring Training stadium, along with local shops, restaurants, and community events. This home is a short drive to the Gulf beaches, with easy access to I-75 and US-41, makes commuting throughout Southwest Florida simple and convenient. This home offers the perfect blend of privacy, space, and accessibility—ideal for relaxing, entertaining, and enjoying the Florida lifestyle.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
