Fabulous solar-powered Port Charlotte pool home, perfectly built for the ultimate energy-efficient Florida lifestyle! Nestled on an elevated lot across from a peaceful pond in a quiet, established neighborhood, this nicely updated 3-bedroom, 2-bathroom, split floor plan home blends modern coastal living with ultimate peace of mind. The property features extensive storm-fortification upgrades, including brand-new impact storm windows, a new front door, a newer roof, and a high-strength two-car garage door. Step inside to a bright, inviting interior boasting fresh new paint, modern new lighting, and updated fixtures throughout. The heart of the home features a beautifully modernized kitchen equipped with stainless steel appliances, updating alongside both bathrooms within the last five years. The highly desirable split-bedroom layout ensures maximum privacy for the spacious primary suite, while major mechanical updates offer years of worry-free living. The HVAC unit and complete ductwork were replaced in 2019, the water heater is approximately 5 years old, and a cutting-edge solar panel system—only 2 years old—keeps your electric bills incredibly low. Stay seamlessly connected with lightning-fast Quantum Fiber internet, which is perfect for remote work or streaming. Your privately fenced backyard awaits out back, where you can dip into the heated pool featuring a recently replaced pool pump and an included pool cover. This central Port Charlotte location is truly unbeatable, situating you just 10 minutes from local amenities, including schools, hospitals, and the popular restaurants and shopping district. Spend your weekends at the nearby Port Charlotte Beach Park, offering a public beach, boat ramp, fishing pier, tennis courts, and scenic picnic areas. With quick, easy access to US-41 and I-75, you are also just a short drive from historic downtown Punta Gorda’s award-winning dining, boating, and entertainment, as well as top-rated Gulf beaches. Don't miss this beautiful energy-efficient home—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.
