1357 Red Oak Ln, Port Charlotte, FL 33948
2 beds · 2 baths · sqft
**Charming Single-Family Home in Heritage Oaks, Port Charlotte With Assumable Mortgage** Welcome to your new sanctuary in the heart of Port Charlotte! Nestled within the picturesque Heritage Oaks community, this delightful single-family home is now on the market and ready for you to make it your own. **Prime Location** This residence boasts a central location that provides easy access to a variety of shopping centers, reputable schools, and vibrant entertainment options. Whether you're looking to enjoy a day of retail therapy or a night out with friends, everything you need is just moments away. **Property Features** This inviting home encompasses 2 well-appointed bedrooms and a versatile den, perfect for a home office or guest room. With 2 bathrooms, morning routines and evening unwinding are made effortless. The spacious 2-car garage offers ample storage and convenience for your vehicles, ensuring that your home remains organized and clutter-free. **Community Amenities** Heritage Oaks is renowned for its stunning oak tree-lined streets and exceptional community amenities. Residents can take advantage of the inviting community pool, perfect for relaxing on warm Florida days, as well as a well-equipped community center that hosts various events and activities. This vibrant community fosters a friendly atmosphere, making it easy to connect with neighbors and forge lasting friendships. **A Serene Environment** Surrounded by lush greenery and the natural beauty of oak trees, this property provides a serene and tranquil setting that feels like a retreat from the hustle and bustle of daily life. Enjoy morning coffee on your porch, bask in the sun by the pool, or take leisurely strolls through the charming neighborhood. **Ideal for Comfort and Convenience** This home is perfect for anyone seeking both comfort and convenience in a well-connected area. Whether you're a first-time homebuyer, a retiree looking to downsize, or simply searching for a peaceful place to call home, this property offers the ideal blend of features and amenities to suit your lifestyle. Don’t miss the opportunity to own a piece of paradise in Heritage Oaks. Schedule a viewing today and discover all that this wonderful community and charming home have to offer!
Source: FORTMYERS #224068466
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224068466
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: #224068466
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.