6701 ELMWOOD RD, North Port, FL 34287
Step into this stunning, meticulously maintained 2-bedroom, 1.5-bathroom home with a one-car garage. You’ll be captivated by its beautiful plank tile flooring, which flows seamlessly throughout the entire house, giving it a cohesive and elegant feel. This home offers a perfect blend of comfort and style with modern updates that make it move-in ready. The heart of this home is the newly remodeled kitchen, completed in 2022. It boasts sleek granite countertops, elegant cabinetry with extra molding, induction cook top, and new stainless steel appliances. The cook top, microwave, and wall oven are all Z-line products. The recessed lighting illuminates the space perfectly, creating a bright and welcoming atmosphere. Whether you’re cooking a gourmet meal or enjoying a quick breakfast at the eat-in kitchen, this space is both functional and stylish. Comfort is key in this home, with a brand-new AC installed in 2022 to keep you cool during those hot Florida summers. You can rest easy knowing that the new shingle roof, installed in 2023, offers durability and peace of mind for years to come. The remodeled bathrooms include a master bath with a walk-in shower that is handicap accessible, making this home suitable for all needs. In fact, the entire home is wheelchair accessible, ensuring that every corner is easy to navigate. Warm, neutral colors flow throughout the house, creating a serene and inviting ambiance. The windows and sliding glass door are impact-resistant, providing both security and energy efficiency. Step outside to the back lanai, where beautiful plank tile continues underfoot. This screened-in area overlooks your private backyard, perfect for morning coffee or evening relaxation. The vinyl fencing ensures privacy, while mature landscaping adds a natural, serene touch. A shed in the backyard provides additional storage, keeping your home clutter-free. This charming home is conveniently located close to shopping, dining, and entertainment options. Plus, the beautiful Gulf beaches are just a quick 20-minute drive away. Whether you're looking to unwind or explore, this location offers the best of both worlds. Don’t miss out on this fantastic opportunity to own a beautifully updated home that combines modern amenities with comfort and style. Schedule your showing today and make this house your new home!
You may be able to put down less than the total down payment amount of $100,647 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: #c7497164