20407 Albury Dr
Port Charlotte, FL 33952
$284,900

$1,444/mo at 6.15%
This home comes with a lower rate
About this home

Spacious Canal-View Home on Oversized Lot in the Heart of Port Charlotte Welcome to this beautifully maintained 4-bedroom, 2-bath, single-story home offering space, versatility, and a prime Port Charlotte location. Situated on a large lot with peaceful canal views ((non navigable). This home is perfect for comfortable everyday living and effortless entertaining. Inside, you’ll find multiple living spaces including two spacious living areas, a formal dining room, an eat-in kitchen, and a dedicated entertainment room—ideal for movie nights, game days, or hosting family and friends. Light-toned wood flooring and abundant natural light create a warm, inviting atmosphere throughout. The kitchen features neutral cabinetry, generous counter space, and a large eat-in area for casual dining. The formal dining room easily accommodates large gatherings or can be converted into an additional flex space to suit your lifestyle needs. The private primary suite offers tranquil canal views, and an en-suite bath, creating a relaxing retreat. Three additional bedrooms provide plenty of room for family, guests, or a home office. Both bathrooms have been tastefully updated with contemporary finishes. Step outside to a spacious backyard overlooking the canal—partially fenced and ready for your personal touches. Enjoy sunset views, outdoor entertaining, or cozy evenings around a fire pit. The backyard also includes electric service for RV hook-up and a storage shed for lawn and maintenance equipment. Conveniently located near beaches, boating, fishing, golf, shopping, dining, and everyday amenities, this home blends comfort, flexibility, and Florida lifestyle living. Schedule your private showing today and make this Port Charlotte gem yours.

Home features
4 bedroom
2 bathroom
1,668 sqft
0.28 acres
Built in 1970
Single Family
A/C
See your savings
Interest rate
6.15% 4%
Monthly total
$1,444 $1,382
Loan term
23 y 7 mo

Lifetime savings
$17,554
Neighborhood
FAQ

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.

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Last updated: Feb 07, 2026 07:04 am
Listing agent: Melissa Musick
Listing provided courtesy of: MICHAEL SAUNDERS & COMPANY, (941) 639-0000
Details provided by STELLAR and may not match the public record.
MLS ID: #C7517953
Payment calculations are estimates and exact amounts will be confirmed by your agent.
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.
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