Beautifully updated 3-bedroom, 2-bath pool home with a 2-car garage, perfectly situated on an oversized corner lot in central Port Charlotte—offering a wonderful blend of comfort and style. A charming front porch welcomes you to double entry doors that open to a bright interior featuring crown molding, neutral tones, and laminate flooring that flows throughout the main living areas. The well-appointed kitchen includes granite countertops, a cooktop, double oven, breakfast bar, and a convenient pass-through window to the lanai—perfect for easy outdoor entertaining. The casual dining area features sliding glass doors to the lanai and overlooks the spacious family room, creating an open and inviting space for everyday living and gatherings. The split-bedroom floor plan provides added privacy, and all bedrooms include walk-in closets. The primary suite offers a relaxing retreat with sliding door access to the lanai and a newly tiled shower. The guest bath was remodeled to be handicap accessible with grab bars in modern shower and by toilet and features convenient access to the pool area. Step outside to your private Florida oasis. The covered lanai and screened saltwater pool (15’ x 30’, 9’ deep) with true southern exposure provide the perfect setting for soaking up sunshine year-round—especially appealing for visiting guests from the north. Additional highlights include a climate-controlled garage and closets, plus a 140-square-foot bonus room with A/C—ideal for a hobby room, office, or extra storage. Additional features include updated kitchen and bath cabinetry, freshly painted interior and garage, refreshed landscaping, a new deep sink in the laundry room, new garbage disposal, roof (2018), A/C (2017) with brand-new compressor (March 2026), hot water heater (2019), hurricane shutters, central vacuum system, security system with cameras, and a whole-house repipe completed in 2023. Conveniently located near US-41, this home provides easy access to restaurants, shopping, schools, the new Sunseeker Resort, and historic downtown Punta Gorda. Enjoy nearby golf courses, fishing, boating, and Southwest Florida’s beautiful Gulf beaches—all just a short drive away. Whether you're looking for a seasonal retreat or a full-time Florida home, this property offers the lifestyle you've been waiting for. Schedule your private 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.
