5034 Jody Ave North Port, FL 34288
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About this home
One or more photo(s) has been virtually staged. Step inside this beautifully updated 3-BR, 2-FBA split floor plan home & prepare to be impressed. NO HOA, NO CDD fees, this move-in ready residence offers a perfect blend of comfort, style, & modern updates throughout. High ceilings & ceramic tile flooring span the main living areas, kitchen, bathrooms, & utility room, while the BRs feature warm & durable laminate flooring?offering a carpet-free living experience throughout. The heart of the home is the spacious kitchen, thoughtfully designed w/ raised panel cabinetry, granite countertops, pantry, & updated stainless steel appliances. It opens seamlessly into spacious family room, creating an ideal space for everyday living & entertaining. Abundant natural light fills the space, enhanced by new impact-rated sliding glass doors that lead to a generous 19' x 10' screened lanai?perfect for relaxing or hosting guests year-round. The private primary suite features direct access to the lanai, dual walk-in closets, quality new flooring in BR, large en-suite bath complete w/ granite counters, tiled walk-in shower, & updated glass door & fixtures. Recent updates throughout the home include fresh interior paint, roof, impact rated windows, appliances, impact-rated sliding doors ensuring peace of mind, energy efficiency & Massive Shed. This North Port home is mins to downtown Wellen Park/Cool Today-Braves Stadium, Punta Gorda, Venice, Port Charlotte, I-75, Parks & Shopping!
Source: STELLAR #N6141043
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Close stress-free in 45 days, handled start to finish by Roam.
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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.