2572 Sherman Oak Dr, North Port, FL 34289
4 beds · 3 baths · 1,955 sqft
Welcome to this stunning 4-bedroom, 3-bathroom home – located in the highly desirable neighborhood of Cedar Grove at the Woodlands - where style, comfort, and convenience come together in perfect harmony! Built in 2018, this 1,955 sq. ft. home boasts an inviting open floor plan with soaring ceilings. The spacious kitchen offers an expansive island with bar seating and an abundance of elegant wood cabinets with granite countertops—perfect for entertaining or family meals. A major upgrade to this home is not one, but TWO of the BEDROOMS OFFERING EN SUITE BATHROOMS, providing privacy and flexibility for families or guests. Nestled in a safe, sidewalk-lined neighborhood, this community is designed for an active and social lifestyle! Enjoy the heated pool, playground, basketball court, or gather with neighbors at the BBQ grills and community events like Food Truck Fridays and holiday celebrations. And with lawn maintenance, fencing, and irrigation covered by the HOA, you can focus on enjoying life rather than worrying about upkeep. Location is everything, and this home has it all! Just minutes from shopping, top-rated schools, gyms, and dining, it also offers easy access to the North Port Aquatic Center, Braves Stadium at Wellen Park, Interstate 75, and nearby airports. Plus, with low homeowners insurance rates and no flood zone concerns, you’ll have peace of mind with your investment. Don’t miss out on this incredible opportunity—schedule a showing today and experience the best of modern, low-maintenance living!
Source: STELLAR #D6141537
Financials
Source: STELLAR #D6141537
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.