1361 NEWTON ST, Port Charlotte, FL 33952
MOTIVATED SELLER !!! Spacious open floor plan 3 Bedroom, 2 Bathroom with HEATED POOL with new pool chlorination ,new filter, NEW HURRICANE WINDOWS AND DOORS,BRAND NEW A/C with transferable warranty,electricity wires ran underground,attached 2Car Garage with ceiling fans located in a great neighborhood in Port Charlotte. This home offers a Living Room,Dining Room, Kitchen and outside entertainment area. The Living Room has a custom built in entertainment centerwith shelving, custom lighting and wood burning fireplace cleaned and sealed. The large Kitchen offers wood cabinets, pantry closet, stainless appliances and a pass through window to the lanai. The Master Bedroom suite has a private bathroom with a large walk in shower and a door to the pool . There are two additional bedrooms and the guest bathroom has a tub/shower combo. BOTH bathrooms have been GORGEOUSLY remodeled! Your living space extends via sliding glass doors to the pool area with inground pool, paver decking, child safety fence and Bonus Room. The spacious outdoor Bonus Room with double counters, ceiling fan, and paver flooring is great for entertaining. The spacious backyard is newly fenced for your family and pets and there is a 16x10 shed with electricity. The following has been replaced over the last two years, new A/C and heater ducts, vents are all new withhumidifier, full house air purifier, new water heater, new pool pump and heater, new hurricane garage door, allnew hurricane windows, sliders and bathroom door. This home is minutes from shopping, dining, entertainment,waterfront parks, fishing piers, boat ramps and is an easy drive to I-75, Charlotte Sports Park, gorgeous Gulf beaches, and world class fishing on Boca Grande. Experience the perfect harmony of style, functionality, and comfort in this impeccable home. Schedule a tour today and let your dreams of homeownership become a reality!
You may be able to put down less than the total down payment amount of $77,380 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: #d6133787
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.