Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
1 of 90
VA loan
$425,000

2735 Lavandula Ct, North Port, FL 34289

3 beds · 2 baths · 1,475 sqft

CLICK BOTH VIRTUAL TOURS ^^ **NOT IN A FLOOD ZONE**Stunning 1.5-Year-Old Smart Home in an Exclusive 55+ Gated Community! Location: Close to I-75, only 2 miles from shopping, and nearby café and convenience store. Welcome to your dream home! This exquisite 3-bedroom, 2-bathroom smart home is situated in an impressive 55+ gated community, offering unparalleled luxury and comfort. Built just 1.5 years ago, this home boasts a modern design with high-end finishes and thoughtful details throughout. Smart Home Technology: Integrated smart systems for lighting, security, and climate control, ensuring convenience and peace of mind, and router for the cable & internet included in the HOA dues! Spacious Living: Enjoy the open floor plan with Italian tile flooring that flows seamlessly throughout the entire house. Three bedrooms with spacious closets, and lighted fans. Gourmet Kitchen: Cook and entertain in style with Carrara marble countertops, new appliances, and white 42-inch cabinets with pull-out drawers and soft close doors. Large center island with end cabinet and room for four bar stools. Luxurious Bathrooms: Both bathrooms feature elegant Carrara marble countertops, providing a spa-like experience, lighting, and exhaust fans. Extended Garage: Plenty of room for your vehicles and additional storage in the 4-foot extended garage. Relaxing on your extended Lanai: Perfect for morning coffee or evening relaxation, offering a serene view with no neighbors behind, fan and TV provided! Slate Tile Roof: Durable for 25 years, stylish, adding to the home’s curb appeal and Category 5 Hurricane rated. Mature Tree-Lined Streets: Beautifully landscaped for picturesque settings to enjoy those long evening strolls or walk your dog to the doggie park. Three Community Pools: Enjoy a swim or relax by the large pool or in either the spa or resistance pool. Active Social Scene: A dedicated social director ensures there's always something fun and engaging activities. Recreational Facilities: The community center provides a fitness center, ballroom, kitchen, reading and craft rooms, and even locker rooms! Enjoy your pickleball or tennis courts, and boccie ball area. Peaceful and Safe: A quiet gated community with 24/7 security cameras for your peace of mind. Nearby grocery stores, gas stations, restaurants, drug stores, and car wash. Don’t miss the opportunity to own this beautiful, move-in-ready smart home in a vibrant and welcoming community. Contact us today to schedule a tour and experience the lifestyle you deserve! The furniture is also available for negotiation!

Estimated
Seller's interest rate
6%
7%
Estimated
Principal & interest
$2,242/mo.
$2,478
You may also save up to $79,771 in total interest paid.
Listing price
$425,000

Your cash down payment
$59,635
Seller’s estimated current equity is $59,635
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $2,242 monthly payment

Financed
$365,364
Assumed mortgage 6% • Seller's rate
$365,364
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
1,475 sqft
Lot size
0.12 acres
Year built
2023
Type
Single Family Residence

Source: STELLAR #r4908172

Loan
Remaining term
28 years, 2 months
Rate
6%
Monthly P&I
$2,242
Remaining loan balance
$365,364

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Dec 21, 2024 10:49 am
Listing agent: Anthony Morris (941) 726-4473
Listing provided courtesy of: FLORIDA COAST HOMES & MORTGAGE, LLC (941) 726-4473
Details provided by STELLAR and may not match the public record.
MLS ID: #r4908172
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,242/mo
View details