5034 Hightower Rd, North Port, FL 34288
3 beds · 2 baths · 1,952 sqft
Price Improvement. It will be love at first site as you walk up to this Beautiful well maintained 3 bed 2 bath home in the heart of North Port, Florida. This property boasts an open floor plan, complete with cathedral ceilings and ample natural light, providing the perfect environment for family gatherings and entertaining. The split-bedroom floor plan ensures privacy for the master suite, while the two additional bedrooms offer comfortable accommodations for family or guests. The kitchen, equipped with a large island and stainless steel appliances, opens up to the dining and living areas for seamless entertaining. The master suite features a private bathroom, while the two additional bedrooms share a second full bathroom. The newer roof (2022) offers peace of mind and ensures the longevity of your investment. The home also comes with a 2-car garage, providing ample storage for vehicles, tools, and outdoor equipment.The shed in back offers even more storage that is hard to find in SWFL.. Your back yard oasis has a large 682 sq ft Partially covered screened in lanai. With Lush landscaping , additional seating areas and still Plenty of room for a Pool! Enjoy boating, kayaking or fishing off your dock . Located in the desired city of North Port, you'll enjoy the benefits of living near world-class beaches, perfect for sunbathing, swimming, and enjoying water sports. North Port is also home to the Atlanta Braves Spring Training facility, where you can catch a game and experience the excitement of baseball up close. Don't miss the opportunity to make this charming North Port home your own. With its desirable location, and proximity to beaches, restaurants, entertainment, and medical facilities, this property truly has it all.
Source: STELLAR #c7497259
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7497259
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: #c7497259
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