Welcome to Charles Cove in Davenport! This vibrant community offers residents access to a sparkling pool, clubhouse, and playground, all conveniently located near schools, shopping, dining, and Central Florida's world-famous attractions. Nestled on a quiet cul-de-sac and situated on a picturesque lakefront homesite, this impressive residence offers 2,696 square feet of thoughtfully designed living space, featuring 5 bedrooms, 3 bathrooms, a versatile flex room, and a spacious loft, providing ample room for both everyday living and entertaining. From the moment you arrive, you'll appreciate the home's attractive curb appeal, inviting covered front porch, two-car garage, and desirable cul-de-sac setting that offers reduced traffic and added privacy. Inside, a bright and open floor plan creates a welcoming atmosphere with seamless flow throughout the main living areas. Just off the foyer, a flexible bonus room offers endless possibilities as a home office, playroom, fitness space, study, or additional lounge area. The first floor also includes a generously sized guest bedroom and a full bathroom, making it ideal for visiting family and friends, Multigenerational living, or private guest accommodations. At the heart of the home, the expansive living room features soaring 8'8" ceilings, elegant 18" x 18" ceramic tile flooring, and an open-concept design that connects effortlessly to the dining area and kitchen. Designed with both style and functionality in mind, the kitchen showcases granite countertops, Whirlpool stainless steel appliances, rich cabinetry, and 36-inch picture-frame upper cabinets providing abundant storage. A large center island with seating serves as the perfect gathering spot for casual meals, morning coffee, or entertaining guests. Adjacent to the kitchen, the dining area offers an inviting space for everyday meals and special occasions alike. Sliding glass doors flood the interior with natural light while creating a seamless transition to outdoor living. Step outside to your fully fenced backyard retreat, where privacy, recreation, and breathtaking lake views come together. Whether hosting weekend barbecues, enjoying time with pets, watching the kids play, or simply unwinding while taking in stunning Florida sunsets, this outdoor oasis provides the perfect backdrop for creating lasting memories. Upstairs, the spacious owner's suite serves as a peaceful sanctuary with room for a sitting area, reading nook, or workspace. The luxurious en-suite bathroom features dual walk-in closets, a double-sink vanity, a walk-in shower, and a private water closet for added comfort and convenience. Three additional bedrooms are located on the second floor, each offering ample space, built-in closets, and easy access to a well-appointed full bathroom. A versatile loft with Engineered Harwood flooring provides valuable additional living space and can be customized to suit your lifestyle as a media room, game room, study area, home gym, playroom, or second family room. For added convenience, the upstairs laundry room makes daily routines easier and eliminates the hassle of carrying laundry up and down the stairs. Combining spacious living, modern conveniences, a coveted cul-de-sac location, and serene waterfront views, this exceptional Charles Cove home offers a rare opportunity to enjoy the very best of Florida living in a desirable resort-style community.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
