One or more photo(s) has been virtually staged. $5,000 SELLER CREDIT + PRICE IMPROVEMENT! LOCATION, LIFESTYLE & VALUE ALL IN ONE! Welcome to a home that has truly been loved and cared for by the same family, where pride of ownership shows in every detail. This spacious 2,358 sq. ft. residence offers the perfect blend of comfort, functionality, and Florida living—with features that many newer homes simply don’t provide. Ideally located just off North Sumter Blvd, you’re only minutes to I-75, making commuting a breeze, and just about a mile from the new Sarasota Memorial Hospital currently under construction—a major benefit for future value and convenience. This 4-bedroom, 3-bath, 2-car garage pool home offers room for everyone to spread out and enjoy. Inside, you’ll find a thoughtful layout with both formal living and dining areas, plus a large family room with tray ceilings—perfect for everyday living and entertaining. The kitchen is beautifully upgraded with solid wood cabinetry, pull-out drawers, granite counters, and a spacious breakfast bar that opens to a bright dinette area. Step outside and you’ll immediately see what sets this home apart—your own private in-ground pool, surrounded by a white vinyl fenced yard, brick paver patio, and firepit area. In a market where many new homes lack both a pool and fencing, this property delivers a complete outdoor lifestyle right from day one. The primary suite is a relaxing retreat with tray ceilings, French doors to the pool, a walk-in closet, and a spacious ensuite bath featuring dual sinks, a garden tub, and a Roman walk-in shower. Guest bedrooms are generously sized, and all bathrooms are tastefully updated with wood cabinetry and granite counters. Additional highlights include a new roof (2023), storage shed, hurricane shutters, indoor laundry, and no flood insurance required. Set in a quiet neighborhood close to parks, trails, kayaking, shopping, dining, and the Braves spring training stadium, this home truly offers the best of North Port living. Don’t miss this rare opportunity to own a well-maintained family pool home in a prime, fast-growing location—schedule your private showing today!
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.
