1150 BOSWELL ST, North Port, FL 34288
**Price reduction** Move right into this gently used home on a half acre, just a short distance from community park. With a split floor plan, this 3 bedroom + den home will give you plenty of space. Large open living area is great for dinners and entertaining. The kitchen features soft close shaker style cabinets, beautiful stone countertops, stainless steel Whirlpool appliances and a farmhouse style sink and backsplash tie it all together. The pantry offers plenty of room, with 10 shelves. Down the hall you will find 2 guest bedrooms, a linen closet, guest bathroom and laundry room. Guest bathroom has a tub/shower combo with stone wall and decor. Laundry room has new LG front load washer and dryer that stay with the home. Opposite you will also find additional shelving and a utility sink. The den can be closed with the double doors, offering the privacy of an additional bedroom if needed. The primary suite has crown molding and plenty of space for all of your furniture. Retreat further into your spa like en-suite and you will never want to leave! Relaxing tub, separate tiled shower and dual sink vanity. Beyond that is your huge walk in closet, with pocket door. Impact windows provides ease during hurricane season with no shutters having to be put up! This home is also not in a flood zone. A/C is serviced twice per year and the water heater was just replaced in 2024. The large yard is a double lot, so you are just under a 1/2 acre, with cleared space on either side of the home, as well as the backyard. This allows you plenty of room for your future garage, shed, pool or playground! The opportunities are endless. Within easy access to I-75, you can access Kings Hwy in 10 min, or if you are heading north- hop on at Toledo Blade. Just a short drive to the up and coming Wellen Park area. Don't wait for the unknown new construction home to be completed- this is move in ready today!
You may be able to put down less than the total down payment amount of $51,189 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #w7862720