1124 Cheshire St, Port Charlotte, FL 33953
3 beds · 2 baths · 2,112 sqft
Welcome to 1124 Cheshire Street in Port Charlotte, FL—a remarkable waterfront property that effortlessly combines style, comfort, and practicality. This expansive 3-bedroom, 2-bathroom home offers 2,112 square feet of living space on a generous 0.81-acre lot, featuring 80 feet of Gulf-access waterfront along the Koenig Waterway. With an assumable VA loan at 4.65 interest available to qualified buyers, this is a fantastic opportunity for a wide range of potential homeowners. You do not need to be a military veteran to qualify for this loan! The home has been meticulously updated with new interior and exterior paint, brand-new KitchenAid appliances, and elegant granite countertops. Inside, you'll find vaulted ceilings and tile flooring throughout. A wood-burning fireplace in the living room adds a cozy touch, while the formal dining room, large pantry, and interior laundry room provide convenience and ample storage. Additionally, the home features a brand-new HVAC system, water heater, and reverse osmosis system, ensuring modern efficiency and comfort. Outside, enjoy your private oasis with a covered and screened patio leading to a pristine swimming pool, surrounded by lush landscaping and mature trees. The property includes a 10x16 metal shed with 20 amp service and a 24x32 detached garage, perfect for projects or extra storage. The detached garage is equipped with 9-foot ceilings, a 50 amp electrical feed, and a 30 amp RV circuit, and is piped for an air compressor, complete with a large attic for even more storage. The garage overhead door features a screen, allowing you to enjoy fresh air without hassle. Both the main home and detached garage have durable metal roofs installed in 2009, and the property boasts a clean record with no insurance claims or hurricane damage. Rain gutters around both structures add to the home's practical features. With space to build your own custom dock and proximity to the North Port boat ramp, this property is ideal for those who love water activities. Don’t miss the opportunity to explore this exceptional home through the Zillow 3D Virtual tour, showcasing the interior, backyard, and detached garage in detail. This property offers a unique blend of luxury and functionality, ready to welcome its next owner.
Source: STELLAR #C7499595
Send questions to support@withroam.com
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #C7499595
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.