4628 ADDERTON AVE, North Port, FL 34288
One or more photo(s) has been virtually staged. Embark on a journey to discover the hidden gem of 4628 Adderton—a home... where every detail tells a story of comfort and modern living. Nestled within the charm of its 2006 construction, this 3-bedroom, 2-bathroom sanctuary has been thoughtfully renovated, offering a blend of contemporary style and timeless elegance. Step into the heart of the home, where the great room welcomes you with vaulted ceilings and sliding doors that seamlessly connect indoor living to the expansive backyard beyond. Imagine the joy of entertaining friends and family in this inviting space, filled with natural light and boundless possibilities. The kitchen stands as a testament to both form and function, boasting stainless steel appliances and an inviting eat-in breakfast area framed by bay windows, overlooking the expansive backyard. Picture yourself enjoying morning coffee bathed in natural light, a serene start to your day. The primary bedroom beckons with its luxurious en-suite bath, featuring a double vanity, garden tub, and separate shower—a private retreat to unwind after a long day. Meanwhile, the other two bedrooms, thoughtfully situated on the opposite side of the home, offer privacy and comfort, perfect for family or guests. But what truly sets this home apart is its enviable location, backing not to another house, but to the expansive grounds of Atwater Elementary School—a comforting proximity... for young families and a serene backdrop for daily adventures. With Atwater Community Park nearby and a wealth of shopping, dining, and entertainment options within reach, every day presents a new opportunity for exploration and enjoyment. Don’t miss the opportunity to make 4628 Adderton your own—schedule a viewing today and step into the story of your next chapter.
You may be able to put down less than the total down payment amount of $179,044 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4613821