1333 SONG ST, Port Charlotte, FL 33952
Serious Seller Here! Make this little bungalow your lucrative Air BNB or your forever home on a large private lot with NO FLOOD zone and NO HOA. Seller has assumable mortgage! THIS HOUSE IS TURNKEY!! This fabulous 2 Bed, 2 Bath home is fresh, clean, and well maintained on a HUGE LOT. THIS HOUSE LIVES LARGE AND BRIGHT. Large primary bedroom with room for a KING! Block construction and not in a flood zone! Room for a large pool. New Roof- Replaced Nov 2022. New A/C May of 2021. Equipped with nice size attached garage and laundry room, this bungalow has it all! This neighborhood is quiet and safe and well maintained -- near shopping restaurants and the growing Murdock Circle Shopping Center. New things are coming to this area, and it is the best time to buy! Community has NO HOA, but the neighbors watch and care for the appearance of their homes! Near good schools. The lovely lanai opens up to large, serene backyard and really makes this home feel big! Call today, the buzz about this loved for house has already started! Port Charlotte is a great short term or long-term investment. Only 15 minutes from downtown Punta Gorda. 22 minutes from the new Wellen Park Downtown. Only 40 minutes from Venice. 55 minutes from DT Sarasota. Luxurious Sun Seeker Resort is now open and there will be a lot of growth due to this Resort.. jobs, rentals, you name it!!
You may be able to put down less than the total down payment amount of $51,593 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #c7487170