4398 Appleton Ter, North Port, FL 34286
3 beds · 2 baths · 1,831 sqft
This is your opportunity to make this beautifully maintained 3 bedroom, 2 bath home yours! Located in a quiet North Port neighborhood this home has plenty of room for family and friends with over 1800 square feet of living space, great room, dining room, family room, and spacious kitchen. You will enter into a bright and open floor plan with sliders in the main living area leading to the lanai which brings the outdoors into your living space. Tastefully appointed with tile in the main living areas, soaring volume ceilings, fresh interior paint with color accent walls, plant shelves to display your treasure and collectibles, arched doorways, and new decorator light and fan fixtures. The family room has beautiful built in shelving and decorative wood cabinetry. The kitchen is a culinary enthusiast’s dream boasting stainless appliances including 3-door fridge, smooth counters with tile back splash, ample counter space, and long breakfast bar that opens to the main living areas for easy entertaining. The owner’s suite will be your private retreat with 2 walk-in closets and en suite bath with spacious walk-in shower and his and hers sinks. You will spend most of your leisure time relaxing on your tiled lanai overlooking your private fenced backyard. Great place for entertaining! Ample storage with 2 walk-in closets in master bedroom and one in the 3rd bedroom. Other key features include dedicated laundry room, new roof in 2022, new hot water heater, storm shutters and hurricane code garage door for peace of mind during inclement weather, new AC system in 2022, irrigation system, and water softener. Impressive curb appeal with pillared front entrance with double-door entry, decorative rock and landscape curbing, and flowering shrubs. Seller has an assumable VA loan for qualified VA buyer. The best part is the location. You can enjoy local waterways and beaches, dining, shopping, and golf courses that make this area so special. You can also explore the waterfront public parks with bike and walking trails, pickle ball parks, picnic areas, and boat ramps that give you access to the Peace and Myakka Rivers, beautiful Charlotte Harbor, and the blue waters of the Gulf of Mexico. And don't forget about historic downtown Punta Gorda, Venice, and popular Fishermen’s Village with quaint shops and cafes. Easy access to Interstate 75 with Venice, Sarasota, and Tampa to the North and Fort Myers and Naples to the South. Great home in a great neighborhood. **PLEASE ENJOY THE 3D INTERACTIVE VIRTUAL TOUR ASSOCIATED WITH THIS LISTING
Source: STELLAR #C7503931
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #C7503931
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.