6666 Electra Ave, North Port, FL 34287
3 beds · 1 baths · 1,656 sqft
NO FLOOD ZONE....NO FLOOD ZONE ***MOTIVATED SELLERS***This home was renovated to widen the hallways to 42" and the doorways to 36". A great room combines the living room and kitchen area. The kitchen boasts beautiful cherry cabinets with a tile back splash. A large, granite counter topped island contains a second sink, an induction cook top with a stainless steel hood, and microwave oven. The island has a lowered breakfast bar for dining. The kitchen also has a convection wall oven and a drawer styled dishwasher. There is tile throughout the house with Eco friendly carpeting in the bedrooms. The bathroom has the same cherry cabinetry as the kitchen. There is also a bonus room which could be used as an office. French doors lead you to an additional 15 x 21 Florida room for over 300 square feet of family space. This room is filled with large windows facing a spacious fully fenced backyard where there is plenty of room to add a pool or just for relaxing and fun. This home also features automated exterior doors, motion activated sinks, and a security system. This home has upgraded hurricane resistant doors and windows and is on city water and sewer! To top it all off, there is a community pool and activity center available to residents of this well established community. This home is also wheelchair accessible. A beautiful fenced in yard with a cement patio for enjoying life! Schedule your showing before this amazingly optioned home is gone!
Source: STELLAR #n6134918
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #n6134918
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: #n6134918
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.