Introducing a remarkable home now available in the vibrant center of Port Charlotte, featuring a HEATED POOL and encompassing over 2,200 square feet. This residence showcases 18-inch ceramic tile flooring throughout—completely carpet-free—and includes three bedrooms, two bathrooms, and a spacious two-car garage, all ready for its new owner. The floor plan is thoughtfully designed with a split-bedroom layout, where a long corridor separates the sleeping quarters to ensure maximum privacy. Two distinct living areas provide ample room for entertaining guests or accommodating larger households. Positioned alongside a FRESHWATER CANAL, this property is free from deed restrictions and lies within an X Flood zone, potentially freeing you from the obligation of flood insurance. Elevated and dry, the home remained unaffected by recent storms. The generously sized kitchen is a chef’s dream, equipped with granite countertops, a contemporary SS refrigerator, a stylish stone backsplash, a slide-in stove, a pass-through window leading to the lanai, abundant cabinetry, and a pantry closet. A cozy breakfast nook is conveniently nearby. The primary bedroom is spacious featuring an ENORMOUS WALK-IN CLOSET and an en-suite bathroom with double sinks, granite countertops, walk-in shower, and SKYLIGHT. The guest bathroom is also generously sized, offering a beautiful vanity and walk-in shower. Down the hall lie the two additional bedrooms, each equipped with ceiling fans and built-in closets; notably, both are larger than typical guest rooms. Both the living and family room are expansive and can accommodate large furnishings with ease. The HEATED POOL and surrounding enclosure (installed in 2020) overlook a sizable backyard with tranquil water views teeming with diverse bird and wildlife. Whether fishing from your backyard, kayaking along the canal, or taking a refreshing swim, outdoor enjoyment is limitless. The extensive covered deck measures 37 by 15 feet, stretching lengthwise to accommodate holiday celebrations at home. A large, electrically wired shed provides abundant storage for tools and yard necessities, while the FULLY FENCED yard ensures both privacy and security. Noteworthy features of this property include rain gutters, a NEW ROOF in 2024, an additional tent-style shed, and IMPACT WINDOWS throughout, except in the two guest bedrooms and doors. Inside, elements such as chair rails, crown molding, lofty ceilings, and a fresh two-tone paint scheme add charm and character to the home. In addition there are SKYLIGHTS located in the foyer, kitchen and primary bath for added natural light! For added convenience, there is a laundry room located next to the oversized spacious two-car garage. What makes this location truly exceptional? For starters, you will experience breathtaking cotton candy sunsets. Within just a thirty-minute drive, you can reach stunning, unspoiled Gulf Beaches. If boating or fishing is your passion, numerous boat ramps, marinas, and fishing piers are available nearby. Golf enthusiasts will appreciate the many courses within easy reach, and the vibrant Murdock area—with its variety of restaurants and shopping options—is very close. Just a short trip away lies Historic Downtown Punta Gorda, where you can explore farmer’s markets, charming boutiques, and inviting eateries. For those craving the buzz of larger cities, Fort Myers and Sarasota are both within about an hour's drive. Additionally, convenient access to airports too!
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.
