4132 Mermell Cir, North Port, FL 34291
3 beds · 2 baths · 1,412 sqft sqft
Welcome to your suburban haven, where contemporary style meets everyday comfort! Close to several beaches and outdoor parks, this property is in a perfect location. As you step inside the home, you’ll be greeted by a bright and inviting atmosphere that effortlessly combines style and comfort. This home features a BRAND NEW ROOF and brand-new air conditioning, ensuring you enjoy peace of mind and energy efficiency for years to come. PLUS is located in an X FLOOD ZONE which most lenders will not require flood insurance. The focal point of the home is the stunning all-new kitchen, complete with elegant quartz countertops, new lighting, plumbing fixtures cabinets, and appliances, this is perfect for culinary adventures. Further complimented is the breakfast nook, where natural light floods the space! This area is perfect for hosting a group during holidays or dining with those in your home. Moving through the home, you'll admire the ALL NEW stylish flooring that was hand-selected to enhance the open-concept layout, creating a seamless flow from the spacious living room to the private areas. The tranquil primary suite is a true retreat, featuring a luxurious primary ensuite with a large walk-in tile shower and a generous walk-in closet where all of your items will have a home! Outside the covered and screened-in back patio—is an ideal spot for sipping coffee or enjoying evening gatherings. The expansive backyard offers plenty of room for your furry friends to roam and even has space for a pool, perfect for those sunny Florida days. Located in a prime neighborhood, you’re just a short drive away from the stunning beaches of Siesta Key, Casperson, and Boca Grande. Enjoy easy access to local shops and restaurants, making it a fantastic spot for both relaxation and entertainment. With a two-car garage and additional driveway space, this home truly checks all the boxes. Come see for yourself—this isn’t just a house; it’s a lifestyle waiting for you to embrace!
Source: STELLAR #c7498596
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7498596
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #c7498596
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.