1405 Dorchester St, Port Charlotte, FL 33952
4 beds · 2 baths · 1,826 sqft
NEW ROOF 2023, NEW Water Heater 2024 and NOT located in a Flood Zone! This 4 bedroom 2 bathroom home is located on a freshwater canal and the back yard is fenced. Home is located on the Dorchester Waterway and is within minutes of shopping, dining, and entertainment. There is a shed with electric that is perfect for a work area, man cave, she shed or to keep your lawn equipment and toys. Fishing poles welcome! Enjoy your morning coffee, the beautiful Florida weather or an afternoon rain sitting on the covered lanai in front of the home or on the large lanai in back. The living room is open to the dining room area next to the kitchen so is a great place to entertain family and friends. There is also a large area to the rear of the home with a sliding glass door that leads out to the lanai that can be used as a family room, entertainment area, computer area and so much more! The 4th bedroom is conveniently located off of this room for added privacy. Bring your fishing pole Windows in the home have been replaced with hurricane windows and one of the rear sliders is also impact. The home is concrete block construction except for the rear wall, which has been rebuilt since they have owned the home. Sellers are currently packing so please take that into consideration and book an appointment to see all that this home has to provide you and your family!
Source: STELLAR #c7495854
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7495854
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 30-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: #c7495854
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