1596 HYSSOP LOOP, North Port, FL 34289
This home feels like walking into a Del Webb model! Multiple upgrades were thoughtfully chosen when designing this Florida style home encompassing almost 2000 sq. ft. of living area. The custom heated pool overlooks a lake and preserve, ensuring that no homes will ever be part of your scenic backyard views. Light, bright, open, and airy describe the ambiance which is enhanced by the zero degree sliders, while peaceful, calm, and serene capture the overall feelings this home brings. This always popular Summerwood plan features three bedrooms, plus a den/flex room for you to configure to best suit your needs! All furniture currently in the home is included. Generous owner's suite leads to the private bath which includes a spacious walk-in shower, double sinks, private lavatory, and linen closet, as well as a large master closet with tons of shelving. This large open floor plan flaunts the kitchen as a beautiful focal point with its white wooden cabinets, enlarged quartz center island, built in stainless appliances, decorative wooden range hood above the new cooktop, and icicle glass backsplash adding those extra touches of elegance. Interior Utility Room with premium Washer and Dryer included. Even the garage has been upgraded with an extra 4' extension and epoxy flake flooring. Additional features include: Hurricane shutters, Electric roll-down hurricane screens on lanai, new carpet in Owners suite, custom window treatments, and an electric pool heater. Cypress Falls has been recognized as being one of the premier retirement communities in Florida! This 55+, maintenance free community offers resort style living. The community is small enough to still have a small town feel, while large enough to have all the activities and amenities you’d love to enjoy in your retirement years including: a resistance pool, beach access pool, spa, pickleball courts, bocce ball, billiards, ping pong, horseshoes, library, internet café; with numerous clubs and classes, crafters, Bridge, poker, euchre, yoga, tai chi, water aerobics, dance club, mahjong, Bible study, and more. Community activities also include Bingo, parties, and professional entertainment. With numerous beaches and golf courses nearby, the lifestyle you’ve only dreamed about can be yours at Cypress Falls!
You may be able to put down less than the total down payment amount of $315,024 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: #c7497454
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.