Virtually Staged. MAJOR VALUE ALERT! Seller just completed a full professional relining of all pipes under the home in May 2026 by a local licensed plumbing company—providing peace of mind and a significant upgrade for the next owner. Welcome to your private North Port retreat, where comfort, convenience, and Florida living come together beautifully. This well-maintained 3-bedroom, 2-bathroom solid block home sits on a fully fenced lot, offering exceptional privacy and flexibility with NO HOA, NO CDD fees, and NO rental restrictions. Step inside and be greeted by a bright, open-concept floor plan featuring durable tile and laminate flooring throughout—completely carpet-free for easy maintenance. Freshly repainted in January 2026, the home feels clean, modern, and move-in ready from the moment you enter. Additional major updates include a new roof in 2022, water heater replaced in 2023, and the recently completed full pipe relining in 2026, making this home an outstanding value. The spacious enclosed Florida sunroom adds versatile living space and is perfect for entertaining, relaxing with your morning coffee, creating a home office, or enjoying Florida’s sunshine year-round. Outside, the fully fenced backyard offers plenty of room for pets, gatherings, gardening, or simply enjoying your own private oasis. Location is everything, and this home delivers. Conveniently located near Warm Mineral Springs, shopping, dining, schools, public transportation, and major roadways including I-75 and US-41, you’ll also be just minutes from Wellen Park, CoolToday Park, Port Charlotte Beach Park, and the Port Charlotte Town Center. Whether you’re searching for a primary residence, seasonal getaway, income-producing investment, or your forever home, this property checks all the boxes. With major system updates already completed and an unbeatable combination of location, privacy, and flexibility, this is an opportunity you won’t want to miss. THIS HOME HAS PASSED ALL INSPECTIONS! Schedule your private showing today and discover why this North Port gem stands out from the rest!
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.
