3880 Pinstar Ter, North Port, FL 34287
4 beds · 4 baths · 2,494 sqft
Spacious 4-Bedroom 4 bath Pool Home on Oversized Lot in North Port, FL! Discover the perfect blend of comfort and space in this stunning 4-bedroom, 4-bathroom pool home, nestled on an oversized lot totaling 20,000 sq. ft. in the heart of North Port. This thoughtfully designed floor plan features a formal living and dining room, a cozy family room, and a spacious kitchen with a pantry and an eat-in dinette area. Enjoy seamless indoor-outdoor living with 5 separate sliding glass doors throughout the house- all leading to the pool area. The HUGE primary suite offers two walk-in closets and a private en-suite bathroom with a walk-in shower. and another bathroom with direct access to the pool. On the opposite side of the home, the guest bedrooms provide privacy, with bedroom #4 functioning as a second suite, complete with a walk-in closet, ensuite bathroom with a walk-in shower and a slider to the pool. Outside, enjoy the tranquility of the lanai and pool as well as the oversized yard. There's separate building, ideal for a yoga studio, home office, gym, guest house or creative space. There's an additional shed for storage as well. There's two AC units to provide a comfortable home year round and a mini split AC in the garage. No need to worry about parking, there's plenty of space to park with an additional driveway. SOLAR PANELS for super LOW electric bills and in an X zone- so no flood insurance is required. Whether you're relaxing by the sparkling pool or taking in the peaceful surroundings, this home offers the best of Florida living! Close to shopping, restaurants, medical, golf, the Atlanta Braves Spring training field, I-75 & 41. Don’t miss this opportunity—schedule your private showing today!
Source: STELLAR #C7507085
Financials
Source: Public records
Source: STELLAR #C7507085
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.