Experience the perfect marriage of modern luxury and industrial-grade utility in this 2020-built Maronda Sierra V4. Elevated on a sprawling double lot with county water, this property is a rare find in Port Charlotte. Whether you are a hobbyist needing a serious workshop, a remote professional, or a family seeking space and maximum security, this home delivers. -Unbeatable Security & Low Insurance Rates Built to the most stringent modern Florida building codes, this home qualifies for the lowest available insurance premiums in the region. Motorized Roll-Down Hurricane Screens: Transform your back lanai into a secure, all-weather sanctuary at the touch of a button. Great for protecting patio furniture and keeping the lanai dry during summer rains. Full Shutter Package: Comprehensive hurricane shutters for all windows ensure total protection and maximum wind mitigation credits. 2020 Construction: Enjoy the peace of mind (and wallet) that comes with a newer roof, impact-resistant features, and updated electrical and plumbing systems. -The "Compound" Advantage: This isn’t just a home; it’s a retreat for your toys and tools: -The Main Workshop: A detached 12'x24' outbuilding featuring a roll-down garage door, perfect for a classic car, motorcycles, or a heavy-duty workshop. With an added well and irrigation, watering the lawn and landscaping is fast and efficient. -Second Outbuilding: Additional storage for lawn equipment or garden tools. -The Double Lot: Nearly half an acre provides incredible privacy and ample room to park your boat or RV. -The Sierra V4 Floor Plan (2,500 Sq. Ft.) 4 Bedrooms + Dedicated Office: The signature Maronda layout includes high-volume ceilings and a private office that can easily serve as a 5th bedroom. Tubular skylights allow natural light into all areas of the house and a screened front porch is perfect for relaxing with a cup of coffee and enjoying nature. -3-Car Attached Garage: Bringing your total "garage-style" storage to four spaces when combined with the workshop. Gourmet Kitchen: Features a massive gathering island, granite counter-tops, and premium 42” cabinetry. -Location & Utilities Avoid the hassle of well-water maintenance with reliable county water. Located just minutes from the Sun-seeker Resort, Charlotte Harbor’s world-class fishing, and elite golfing, you are perfectly positioned to enjoy the best of Southwest Florida. Don't settle for a "standard" lot. Secure this 2020 masterpiece with the land, the workshop, and the protection you deserve.
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.
