CHARMING PORT CHARLOTTE HOME WITH 2 PATIOS & BONUS FAMILY ROOM! Welcome to this delightful 2-BEDROOM, 2-BATH home in DESIRABLE PORT CHARLOTTE — offering the PERFECT BLEND of comfort, flexibility, and TRUE FLORIDA LIVING! Situated on a GENEROUS OVERSIZED CORNER LOT in a peaceful, well-established neighborhood, this property delivers space, privacy, and versatility both inside and out. Step inside to discover a LIGHT-FILLED FLOOR PLAN designed for everyday living and effortless entertaining. The versatile BONUS FAMILY ROOM provides endless possibilities — create a media room, hobby space, home office, playroom, or additional lounge area tailored to your lifestyle. The comfortable main living areas flow seamlessly, creating a welcoming atmosphere you’ll feel the moment you walk through the door. The WELL-APPOINTED KITCHEN offers ample cabinetry and storage, a BRAND-NEW RANGE, and convenient access to the dining and living spaces. A NEW WASHER AND DRYER add everyday practicality and peace of mind. The spacious PRIMARY SUITE provides room for a reading nook, office corner, or cozy sitting area, along with an ENSUITE BATH that ensures privacy and convenience. The second bedroom and bath are ideal for guests or family. Outdoor living truly shines here! Enjoy TWO SEPARATE OUTDOOR SPACES — a SCREENED-IN SIDE LANAI perfect for morning coffee or evening relaxation, plus a PRIVATE BACK PATIO ideal for weekend BBQs and gatherings. The oversized corner lot features MATURE LANDSCAPING, including FOUR ROYAL POINCIANA TREES and ONE JACARANDA TREE, creating vibrant seasonal color and added curb appeal. Additional highlights include ENERGY-SAVING SOLAR to help reduce utility costs and improve efficiency, along with a ROOF INSTALLED IN 2018 for added peace of mind. Conveniently located near shopping, dining, parks, and with EASY ACCESS TO MAJOR ROADWAYS, this home offers the perfect combination of COMFORT, SPACE, AND LOCATION. DON’T MISS YOUR OPPORTUNITY to own this versatile and charming Port Charlotte property — schedule your showing today!
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.
