1238 Ramsdel St, Port Charlotte, FL 33952
3 beds · 2 baths · 1,176 sqft
PARTIALLY FURNISHED- OUT OF FLOOD ZONE 3-BEDROOM, 2-BATHROOM HOME WITH HEATED POOL AND SPA! Located in a quiet Port Charlotte neighborhood with mature trees, this light and bright home is just 5 minutes from shopping, dining, and more—offering both tranquility and convenience. With no HOA and outside of a flood zone, this property is worry-free and move-in ready. The home features a spacious Living Room, Dining Room, well-equipped Kitchen with ample cabinet space and modern appliances, and an Inside Laundry closet with a washer, dryer, and cabinet. The Master Bedroom boasts a double closet and an en-suite bathroom with a walk-in shower, while two additional bedrooms with double closets and a guest bathroom also with a walk-in shower provide plenty of room for family and guests. Step outside to your private oasis, complete with a screened lanai, a covered area for relaxing, a paver deck, and a large heated pool and spa. Additional features include hurricane shutters, underground power lines, county water, septic, and a list of recent updates: a new water heater (2020), electric panel (2021), pool heater (2022), fresh exterior paint (January 2024), and new carpet in the Living and Dining Rooms (January 2024) and solar panels (2022). Perfectly located, this home is just 10 minutes from medical care, waterfront parks, Charlotte Sports Park, and a short drive to world-class fishing in Boca Grande and the stunning Gulf beaches of Englewood, Manasota Key, and Venice. Ideal for families or those hosting winter visitors, this home is ready to welcome you to the Florida lifestyle. Schedule your showing today! Bedroom pictures have been virtually staged.
Source: STELLAR #C7500643
Financials
Source: Public records
Source: STELLAR #C7500643
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.
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 “Get Notified” 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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.