2628 Sherman Oak Dr, North Port, FL 34289
4 beds · 3 baths · 1,955 sqft
Charming 4-Bedroom Home in Cedar Grove – Move-In Ready! Welcome to 2628 Sherman Oak Dr, North Port, FL—a stunning 4-bedroom, 3-bathroom home in the serene community of Cedar Grove. Built in 2016, this 1,955 sq. ft. single-family home offers a perfect blend of modern convenience and comfortable living. Step inside to an open-concept layout designed for both entertaining and everyday life. The beautifully appointed kitchen features a large island with seating, stainless steel Whirlpool appliances, granite countertops, a closet pantry, and solid wood cabinetry—a perfect combination of style and functionality. Flowing seamlessly from the kitchen, the spacious living and dining areas create an inviting atmosphere for gatherings. The primary suite is a private retreat, complete with a walk-in closet and an ensuite bathroom featuring a dual-sink vanity, granite countertops, and a glass-enclosed walk-in shower. A standout feature of this home is Bedroom #4, which includes its own ensuite bathroom and walk-in closet, offering extra comfort and privacy for guests or family members. The additional bedrooms provide flexibility for guests, a home office, or hobbies. Enjoy the convenience of a 2-car garage and an inside laundry room with a washer and dryer included. Outside, the low-maintenance lifestyle awaits—your low HOA fees cover lawn mowing, mulching, trimming, edging, and irrigation, so you can relax and enjoy all that Cedar Grove has to offer. Take advantage of fantastic community amenities, including a refreshing pool and playground. This prime location provides easy access to I-75, shopping, dining, entertainment, beautiful Gulf Coast beaches, golf courses, and top-notch fishing spots. Sports fans will love being just 30 minutes from the Braves Stadium in Wellen Park. Don't miss out on this incredible home—schedule your private tour today!
Source: STELLAR #D6141173
Financials
Source: Public records
Source: STELLAR #D6141173
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.