1812 Scarlett Ave North Port, FL 34289
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About this home
Do not lightly brush over this home, trust me you don't want to miss it! This home has been completely renovated down to the studs in 2023. Walk through the front door and into your huge, expanded living room with Luxury wide plank vinyl flooring. Who wants to see the kitchen like every other home when you walk through the front door but continue a little further and you are now in your amazing new kitchen with high end quartz counters around the perimeter and the large island. More cabinets than you will ever need, all dove tailed and soft close. This kitchen opens up to the dining area and the family room with beautiful open staircase leading to the bedrooms, but wait we are not done downstairs. Media room, check! Full downstairs bathroom, check! Inside laundry with utility sink, check! How about a home gym...check! Now we can go upstairs to the master bedroom and bath and 3 other generous sized bedrooms with full bath. The master bedroom features tray ceilings and a large walk-in closet. The master bath features dual vanities, water closet and a large walk in shower. Two new A/C units and a new roof in 2023. Also new in 2023 is a gorgeous, refreshing pool with sunning shelf, Large lanai right off the pool under the ceiling to escape the sun but enjoy the grilling. All of this perfectly located in Lakeside Plantation with its great amenities, maintenance free yard and very low HOA dues!
Source: STELLAR #N6141047
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.