2653 Cover Ln, North Port, FL 34286
3 beds · 2 baths · 2,020 sqft
Under contract-accepting backup offers. New price on April 3rd! This meticulously maintained has all the high end items replaced, just like a new home. This Home boasts exceptional curb appeal and welcomes you into a 3-bedroom, 2-bathroom open floor plan with a highly desirable layout. BIG TICKET UPGRADES INCLUDE: Roof re-shingled (2024), energy-efficient solar panels installed for low cost electric bills- see attachments as most range from $20-$75 per month (2021), updated septic tank (2020), a Well enhanced with filtration system and water softener for reduced water bills, and an upgraded A/C (2020). With no carpet, this home features LVP and large format tile throughout, helping to keep allergies in check. Upon entry, you’ll find a versatile space perfect for a living room, office, or bonus room. To the right, a spacious dining area offers the flexibility to serve as an additional bonus room, depending on your needs. The home flows into an impressive great room with soaring ceilings, creating an open and airy feel. The updated kitchen overlooks the great room and is equipped with sleek cabinetry, granite countertops, and a large island—ideal for cooking or entertaining. A double closet pantry offers plenty of storage, and a cozy breakfast nook adds a charming touch. Designed with a split floor plan, the home places two guest rooms on one side, while the large primary suite enjoys privacy on the other. The primary bedroom features a walk-in closet, and the en-suite bathroom includes a garden tub and a walk-in shower. Throughout the living areas and guest bathroom, modern tile flooring adds a fresh, updated look. Step outside to the vinyl-fenced backyard, where a brick-paver patio provides a perfect spot for outdoor relaxation and enjoying stunning Florida sunsets. Hurricane shutters offer added protection, and the home is located in a well-maintained neighborhood, just a short distance from shopping and major commuter routes. There are NO HOA or CDD fees to worry about. Solar Panels will be paid off before closing.
Source: STELLAR #TB8346236
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8346236
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.
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.
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.
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 620, 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.