4706 Butterfly Ln, North Port, FL 34288
3 beds · 2 baths · 1,790 sqft
CENTRAL LOCATION IN NORTH PORT! This completely renovated gem offers 3 bedrooms, 2 baths, 2-car garage and is a perfect blend of contemporary style and comfort, making it an ideal choice for anyone looking to settle down in a vibrant community. Step inside and feel right at home with an open floor plan spanning 1,790 square feet. The high ceilings and arched entryways add a touch of elegance, while the luxury vinyl plank flooring and neutral décor create a warm and inviting atmosphere. The living room is a highlight, featuring a large pocketing slider that opens up to the lanai, perfect for indoor-outdoor living. The kitchen is a delight, boasting solid wood cabinetry, granite countertops, a stylish tile backsplash, and stainless appliances. The breakfast bar is perfect for casual meals or entertaining guests. The generous primary suite offers a tranquil retreat with a barn door leading to a private ensuite, complete with dual sinks and a glass walk-in shower. Designed with privacy in mind, the split floor plan separates the primary suite from the two guest bedrooms and full guest bath. The outdoor entertaining area is a true oasis, featuring a covered screened lanai that overlooks a fenced backyard. With mature trees providing ultimate privacy, there's plenty of room for your furry friends to roam. Additional features include a brand new roof, new AC in 2019 and hot water heater in 2020, inside laundry, hurricane shutters, and exterior landscaping. There's even room for a pool if you desire! Located centrally to I-75 and US-41, this home is just a stone's throw away from the Murdock restaurant and shopping district, parks, golf courses, and a short drive to Charlotte Harbor, downtown historic Punta Gorda, and the stunning Gulf beaches. Don't miss out on this fantastic opportunity! Schedule your private showing today and make this house your new home.
Source: STELLAR #c7501514
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7501514
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: #c7501514
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.