1384 WALL ST, Englewood, FL 34223
GREAT LOCATION! This home is equipped with SOLAR PANELS, TANK LESS HOT WATER HEATER, IMPACT RESISTANT windows and sliding glass doors and a METAL ROOF (2012) and wait till you see the LARGE SHED (12X24) perfect for a work shop, a he/ she shed and still has plenty of storage room to spare. This unit is insulated and has a portable AC installed! House is located on a quiet private road. Fenced back yard has a large entertainment space all paved with a HOT TUB and fire pit, makes it perfect for enjoying the Florida lifestyle. The home was updated a few years ago by the previous owner who's goal was to make it energy efficient. The home has Plantation Shutters throughout and offers 2 bedrooms, 2 baths and a bonus room that can be used as a den/office or add a closet and it becomes a perfect 3rd bedroom or guest suite with sliding doors that lead to the outdoor entertainment area. This room has its own MiniSplit (for AC & heat) IN ADDITION to being an energy efficient home, the location is incredible. So much to enjoy is within walking distance. Restaurants, grocery stores, and shopping. One of the top rated beaches, Manasota Beach is right in/heat) Englewood. Go enjoy swimming, sunbathing, boating or finding that perfect sea shell. The historic district of Englewood has quaint shops, a weekly Farmers Market, a Playhouse for local talent to shine, a library and plans are underway to revitalize downtown. Indian Mounds Park has a large boat launch open to the public and a great park to open up your beach chair and you can even drop your kayak or paddle board in right there. Venice and Port Charlotte our neighboring towns are only 25 minutes away. Wellen Park is just up the road off 776 and has The Atlanta Braves Spring Training Facility and offers special events year round. So much to do in the area if that's what you choose. NO HOA or restrictions so bring your toys. You have GOT TO SEE THIS HOME to appreciate what it offers. It can be a full time home and the perfect winter retreat to get out of those cold winters up north. Come on, what are you waiting for?
You may be able to put down less than the total down payment amount of $34,845 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: #n6132765
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.