For the buyer that knows the value of a Metal Roof, Owned Solar Panels with $0 balance, not leased, no loan, paid for Solar! and Not in a flood zone, better value than new construction. Welcome to this beautifully updated 3-bedroom, 2-bath split floor plan home in the heart of North Port, offering the perfect blend of comfort, efficiency, privacy, and convenience. Major upgrades make this property an exceptional value, including paid-off and owned solar panels, a newer metal roof (2023), brand-new water heater (2025), salt-free water softener system, new stainless steel kitchen appliances, granite countertops, and new luxury vinyl plank flooring. Located in Flood Zone X, no flood insurance is required, plus enjoy the added benefit of NO HOA and NO CDD fees. Designed with both everyday living and entertaining in mind, the spacious split-bedroom layout provides added privacy, with the primary suite tucked away on its own side of the home. The oversized primary retreat features a walk-in closet and an en suite bath complete with dual sinks, a relaxing soaker tub, and a separate walk-in shower. Every bedroom offers walk-in closet space, adding to the home’s functionality and storage. At the center of the home, the open kitchen overlooks the main living areas and features granite countertops, a breakfast bar, new stainless steel appliances, and seamless flow into the dining and family room combination. An additional separate living room offers flexibility for entertaining or additional gathering space. Step outside and enjoy Florida living year-round from the expansive enclosed lanai, featuring sliding glass doors on three sides and a convenient pass-through window from the kitchen—perfect for hosting guests or simply relaxing while overlooking the private backyard with plenty of room to create your own outdoor oasis. Additional features include a dedicated laundry room with sink and washer/dryer hookups, plus a 24-hour high-definition security system with 16 cameras for added peace of mind. Perfectly positioned between Tampa and Fort Myers, this home offers exceptional access throughout Southwest Florida. Everyday conveniences are just minutes away, including grocery stores, dining, pharmacies, medical offices, and Cocoplum Village Shops. Enjoy nearby attractions such as the North Port Aquatic Center, Wellen Park, CoolToday Park—home of Atlanta Braves Spring Training—and Charlotte Sports Park, where the Tampa Bay Rays train. Outdoor enthusiasts will appreciate close proximity to Gulf beaches, Warm Mineral Springs, Myakkahatchee Creek Environmental Park, Myakka State Forest, scenic parks, trails, and year-round community events including farmers markets, festivals, fairs, and movies in the Park at Wellen Park and the City Green. Convenient access to I-75 and US-41 makes commuting simple and convenient. Located just minutes from the new Sarasota Memorial Hospital campus currently being built off Sumter Blvd. This home truly offers comfort, efficiency, location, and lifestyle all in one.
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.
