1333 Song St, Port Charlotte, FL 33952
2 beds · 2 baths · 1,008 sqft sqft
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!!
Source: STELLAR #c7487170
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7487170
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #c7487170
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.