Welcome to this beautiful two-story home nestled in a peaceful and desirable area of North Port, offering the perfect blend of comfort, space, and convenience. From the moment you arrive, you’ll appreciate the inviting curb appeal, highlighted by a covered front entryway that creates a warm and welcoming first impression. Step inside and experience a thoughtfully designed layout where comfort and functionality come together effortlessly. The first floor features a bright and open living and dining area that seamlessly connects to the kitchen, creating an ideal space for both everyday living and entertaining. Windows throughout the home allow natural light to pour in, enhancing the open feel. The living area offers a comfortable and inviting space to unwind after a long day. At the heart of the home, the kitchen is perfectly positioned for both convenience and connection. Featuring all stainless steel appliances, a stainless steel sink, and an abundance of corner cabinet space, this kitchen provides storage and functionality. The movable island adds versatility, offering additional prep space, casual dining options, or a central gathering point when entertaining. Enjoy the added bonus of a backyard view right from the kitchen sink, bringing in natural scenery while you cook or clean. The dining area provides direct access to the backyard, making indoor-outdoor living seamless and convenient. A well-placed half bathroom on the first floor adds to the home’s practicality for guests. As you make your way upstairs, you’ll find a thoughtfully designed second level where all bedrooms are located, offering both privacy and separation from the main living areas. The spacious primary suite serves as a true retreat with raised ceilings that enhance the sense of openness. The en-suite bathroom is designed with relaxation in mind, complete with dual vanity sinks, a tub, walk-in closet, and a separate walk-in shower. Two additional bedrooms are generously sized and offer spacious closets, one bedroom having a built-in murphy bed. A full guest bathroom upstairs ensures convenience and functionality. Step outside to discover a spacious backyard filled with potential, offering plenty of room for entertaining, outdoor activities, or creating your own personal oasis. Whether you envision a future patio, garden, or simply a place to relax and enjoy Florida’s sunshine, this outdoor space provides endless possibilities. This home is placed perfectly on the lot offering more room in the front and back of the home, offering 6 cars to fit on the driveway. Additional highlights include a 2-car garage, providing ample space for vehicles, storage, or recreational equipment, as well as a layout designed to accommodate a variety of lifestyles. Ideally located in a quiet and growing area of North Port, this property provides convenient access to major roadways including I-75 and US-41, making commuting and travel simple and efficient. You’ll be just a short drive from a variety of shopping centers, dining options, and everyday conveniences, while still enjoying the tranquility of a peaceful residential setting. Additionally, the location offers easy access to the beautiful Gulf Coast beaches, allowing you to enjoy everything Southwest Florida living has to offer. Whether you’re searching for a full-time residence or looking to embrace the Florida lifestyle, this home presents an incredible opportunity to enjoy space, comfort, and convenience 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.
