WHY BUILD AND WAIT - WHEN THIS SPARKILNG NEWER 3/2 HOME WITH LARGE BONUS ROOM CAN BE YOURS TODAY? *** VERY BEAUTIFUL October 2023-BUILT HOME WITH SCREENED IN LANAI/ FLORIDA ROOM, FULLY FENCED-IN BACKYARD, PAVERED DRIVEWAY IS YOURS TO HAVE! VERY LOW HOA AT $15/MONTH**** This is your ultimate dream home in The Palms at West Port, a glimpse of the area's first master-planned community surrounding Centennial Park in Port Charlotte, FL. This beautiful Baymont Model is move-in-ready (with newish exquisite 'artsy' furniture all negotiable), it perfectly combines modern design with details and Premium upgrades. Featuring an inviting open-concept layout, this 3-bedroom, 2-bath home with BONUS ROOM with French Doors (can be your office, den, TV room, family room, formal dining room), boasts a spacious great room, a split-floor plan for ultimate privacy, and a large backyard with room for your upcoming huge pool. The chef’s kitchen is gorgeous featuring quartz countertops, a stylish subway backsplash, white 42" cabinetry with soft-close drawers, and a central island that doubles as a breakfast bar. High ceiling in the primary bedroom, and wide ceramic tiles in the common areas to elevate the home’s sophisticated appeal. The owner’s suite is a tranquil retreat, featuring a walk-in closet and a spa-like bath with dual sinks, a walk-in shower, and a private closet. Just off of SR-776 in Port Charlotte, framing Centennial Park – there’s so much to do just outside your front door. Outside, the community offers an unmatched lifestyle. Walk or ride your bike to the new aquatic center or sportsplex, or enjoy a jog under the large oak trees and lakes on the five mile oversized trail system within the communityExplore the five-mile trail system that winds through scenic lakes and majestic oak trees, or enjoy the nearby aquatic center and sportsplex. Sports enthusiasts will love the proximity to the Tampa Bay Rays training grounds, and when it’s time to venture out, you’ll find exceptional shopping, dining, and entertainment just minutes away including the popular, holistic North Port Mineral Hot Springs. Don’t miss this exceptional opportunity to live in The Palms at West Port!!! Call now. (Furniture not included in the sale, they're seller's belongings).
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.
