2721 Shady Ave, North Port, FL 34286
3 beds · 2 baths · 1,398 sqft
Get a free consultation call with an expert in the mortgage assumption process.
LOCATION, LOCATION, LOCATION!! You'd never guess restaurants, shops and schools are just around the corner! A home that radiates good taste, quiet charm and quality construction (no hurricane damage ever). You'll feel right at home the minute you step into this spacious, wide open 1400 SF 3-bedroom, 2-bath split floor plan with centralized Great Room, kitchen and dining room. Soaring ceilings! The kitchen is designed for convenience and practicality with granite counters, breakfast bar, top-of-the-line stainless appliances, and reverse Osmosis, providing clean, filtered drinking water. Master bedroom with ensuite bath and large walk-in closet. GARDEN LOVER? Must see the beautiful fully-fenced back yard, with planting shed with benches and two sheds (one with electric) to store all your landscaping equipment. Plenty of room for pool! Tasteful upgrades throughout! No corners were cut here when it came to the important things. Upgraded fans and lighting throughout! Fresh new paint inside and out! Gleaming laminate floors in main living areas, carpet in bedrooms. French doors from dining room lead out to a large covered/screened lanai with privacy shades, wired for hot tub/spa. Hurricane shutters for all windows and doors. Gutters all around. Rain barrels. Extra laminate, tile and shingles. Septic pumped 2 years ago. Sentricon termite system. Brand new well equipment (warranted for 5 years). New roof 2022. Brand new range! Attached 2-car garage with lots of extra storage and work bench. Extra insulation in the floored attic overhead. NON-DEED-RESTRICTED! NOT IN FLOOD ZONE! LOW TAXES! WHOLE-HOUSE SURGE PROTECTION! UNDERGROUND UTILITIES! BRAND NEW 3-TON RHEEM AC, WITH 10-YEAR EXTENDED WARRANTY! FOR YOUR ADDED PEACE OF MIND ... Newly installed (04/2025) 50amp generator plug, interlock and air conditioner soft start inside and outside the house to run ac, well for water and electrical power in case of power outage! Comes with extended warranties. Don't delay, schedule your personal showing today! PERFECT FOR FIRST TIME HOME BUYERS, FAMILIES, AND SNOWBIRDS ALIKE! NOTHING TO DO BUT ENJOY!
Source: STELLAR #C7493310
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #C7493310
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 and Equal Opportunity Act.