North Port, Florida is located south of Sarasota, along the I-75 corridor on Florida’s Gulf Coast. Real estate in North Port is priced well below the state median, and the area is an exciting place to buy a home. So here is a closer look at real estate in the city, and tips to get a mortgage in North Port, Florida.
North Port Real Estate
Over the last 12 months, North Port’s median home value rose a staggering 10.5%, much higher than the national average of 5.5%. Overall, property values in North Port are moving in the right direction, as it continues to recover from the 2007 housing crash, yet home values are still priced very well.
Looking into next year, Zillow predicts that the median home value in North Port will level off with a modest increase of 1.5%, making this community very desirable regarding home prices.
North Port Is a Great Place to Live
Besides home prices, North Port is also a desirable community based on quality of life.
This community of around 60,000 residents features a robust parks and recreation department, exciting community events, arts and cultural activities, all as part of the North Port–Bradenton–Sarasota Metropolitan Area that offers attractions to suit every taste.
Residents and visitors to North Port have easy access to some of Florida best beaches, such as Siesta Key, Sanibel Island, and Captiva Island. They also enjoy some of the best outdoor experiences with Myakka State Park, Deer Prairie Creek, RV Griffin Reserve, Gasparilla Sound, and Warm Mineral Springs.
Getting a Mortgage in North Port, Florida
When you buy a home in North Port, you can close on a mortgage in less than 30 days from the time you put a contract on a home.
Begin by getting pre-qualified for a mortgage, which you can accomplish in just a few minutes over the phone. Then, you can immediately start working with a Realtor as a pre-qualified buyer.
As you look for a home, you can work through the longer process of becoming pre-approved for a mortgage. During this process, your mortgage broker will guide you through each step.
Once you are pre-approved, the lender will request a few more things, which your mortgage broker will help you accomplish. Then you’ll receive a “clear to close,” and the lender will send the paperwork for closing to the title company/closing agent.
Marimark Mortgage is located in Tampa, Florida, and is proud to serve the mortgage needs of borrowers in North Port and Sarasota County.
We specialize in conventional home mortgages, FHA, VA, and USDA mortgage options, refinance loans, and reverse mortgages. We’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.