3721 Adelaide Ave, North Port, FL 34288
3 beds · 2 baths · 1,720 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your Florida dream home—with an irresistible $8K closing cost assistance bonus! Right from the start, enjoy peace of mind with recent upgrades including a new roof, soffits, gutters (2023), and a new AC (2022). This bright and fun home is set on North Port’s widest freshwater canal, boasting an impressive 149-foot span for extra privacy and fantastic wildlife watching. Step inside to a sunlit layout featuring 3 bedrooms, a versatile flex room overlooking the canal—perfect as an office, craft space, or your personal escape room—and 2 sparkling baths. You'll appreciate the new whole-house reverse osmosis water system—a $10K investment—delivering refreshing, spring-like water for showers, drinking, and washing. Plus, a brand new dishwasher adds to the cheerful vibe. Soaring cathedral ceilings and stylish trey ceilings in the master bedroom and foyer, along with decorative tile and charming sidelights at the front door, create a sunny and inviting ambiance. The well-planned laundry room, complete with a window overlooking the front yard, ample cabinets, and a sink, makes everyday tasks a breeze. Outside, step onto an extra-long, screened lanai (8.5 x 25 feet) with fans and overhead recessed lighting—an ideal spot for relaxing while watching wildlife. The living room flows seamlessly to the lanai through pocket 3-slider doors and a single door from the kitchen nook, ensuring a fun indoor-outdoor lifestyle. Additional updates include new carpets and fans in bedrooms 2 and 3 as well as in the flex room, a clever pocket door that separates bedrooms 2 and 3 for extra privacy, and plenty of closet space throughout. Enjoy sunny days in the backyard, shaded by lovely oak trees, and soak up the vibrant Florida lifestyle. Don't miss this unique opportunity to experience the best of Florida living with all the recent upgrades and cheerful touches that make this home truly special!
Source: STELLAR #C7507939
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 #C7507939
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.