3008 Yeadon Ter North Port, FL 34286
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About this home
Welcome to this meticulously maintained home, thoughtfully designed for flexible living. With a new roof and stylish updates throughout, this property is ideal as a comfortable primary residence or a lucrative rental investment. Spacious layout offered in 3 bedrooms, a dedicated office, 2 full bathrooms, and 1 half bathroom, this home has plenty of space for family and guests. The owners have created a PRIVATE RENTAL UNIT with its own AC split system and small kitchenette—perfect for hosting extended family or generating rental income. If preferred, the home can easily be converted back to its original floor plan by the seller. Supplement your mortgage or boost cash flow with short-term vacation rentals or long-term leases. A perfect setup for hosting guests or accommodating multi-generational living with added privacy and independence. The garage includes an additional kitchen cooled by the central air system, providing even more versatility for entertaining or specialized use. Bright and airy living spaces with modern finishes make this home perfect for entertaining or relaxing after a long day. Enjoy the spacious backyard for gardening, recreation, or simply soaking up the Florida sunshine. The property also boasts an extended driveway and walkway, adding both convenience and curb appeal. Situated in a peaceful neighborhood, this home offers easy access to shopping, dining, top-rated schools, and North Port’s stunning parks. Plus, it’s just a short drive to the beautiful Gulf Coast beaches. Your Dream Home Awaits! Whether you're seeking a move-in-ready rental opportunity or a lovingly upgraded home for yourself, this property is truly a rare find.
Source: STELLAR #C7503232
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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.