5140 Administration St
Port Charlotte, FL 33948
3 beds · 2 baths · 1,766 sqft
$559,000
Get prequalifiedAbout this home
Move-In Ready Waterfront Paradise with a Coastal Vibe! Welcome to your dream waterfront canal home, perfectly blending elegance, comfort, and the ultimate coastal lifestyle. This beautifully renovated residence features a coastal wood-look plank tile throughout, setting the tone with calm coastal colors that instantly make you feel at home. The updated kitchen shines with sleek white cabinets, stainless appliances, Quartz countertops and is ideal for preparing meals and entertaining guests. Both bathrooms have been tastefully updated, boasting marble vanity tops, all new bath fixtures, and a guest bath with a luxurious jetted tub. The primary bedroom is a tranquil retreat with a spa-like en suite, including a spacious walk-in shower that’s sure to impress. This move-in ready gem is nestled in a quiet neighborhood and is truly a great entertaining home. Step outside to enjoy your pool and lanai overlooking the canal, complete with an outdoor bar and grilling area — perfect for hosting gatherings or relaxing after a day on the water. With deep sailboat water access, and just minutes to Charlotte Harbor and Gulf waters, this is a rare opportunity for boating enthusiasts. Whether you're looking to entertain, relax, or set off on a sunset cruise, this home delivers it all with style and ease. Don’t miss this chance to live the Florida dream — schedule your private showing today! **Ask about the VA assumable loan at 2.25%!!
Source: STELLAR #N6139017
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
Port Charlotte, FL 33948
3 beds · 2 baths · 1,766 sqft