Welcome home to this 3-bedroom, 2-bathroom, 2-car garage home with a family room, ideally located in Port Charlotte. NO HOA FEES & 4% ASSUMABLE LOAN! CLICK ON THE VIRTUAL TOUR LINK 1 FOR THE VIDEO AND VIRTUAL LINK 2 FOR THE 3D TOUR. Designed with both comfort and entertaining in mind, the spacious living and dining rooms offer an inviting layout that flows seamlessly into the kitchen. The kitchen features stainless steel appliances, granite countertops, a tiled backsplash, and a breakfast bar, making it the perfect hub for everyday living. Just off the kitchen, a charming dinette and family room accented with shiplap details expand the living space and create a cozy yet stylish setting for gatherings. The spacious master suite is a relaxing retreat, complete with a walk-in closet, private slider to the lanai, and an ensuite bathroom offering a single-sink vanity and walk-in shower. Guest bedrooms are thoughtfully arranged on a split floor plan, each with walk-in closets, and share a full bathroom with convenient lanai access, ideal for future outdoor entertaining. Step outside to the screened lanai, offering ample room to host friends or simply enjoy your morning coffee or evening beverage. The backyard is ready for your personal touch and includes a 10’ x 16’ shed, providing excellent additional storage. 2020 ROOF - IMPACT WINDOWS. MINUTES to US-41, Port Charlotte Beach Complex, local favorites such as Fishermen’s Village, Ponce De Leon Park, shopping & boutiques, fine & casual dining, and LIVE entertainment. Also just a short car ride to the Gulf Beaches of Boca Grande, Englewood, or Manasota Key to name a few where you will find world-class fishing and white sand between your toes. 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.
