5034 HIGHTOWER RD, North Port, FL 34288
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.
You may be able to put down less than the total down payment amount of $160,236 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: #c7497259