14512 Elwood Ave, Port Charlotte, FL 33953
3 beds · 2 baths · 1,313 sqft
One or more photo(s) has been virtually staged. Welcome to 14512 Elwood Ave, Port Charlotte, FL – a charming 3-bedroom, 2-bathroom home offering 1,970 square feet of beautifully updated living space, nestled on a generous 1/2 acre lot. This property is the perfect blend of modern convenience and Florida charm, with a host of features designed to elevate your lifestyle. Step inside to discover a bright and airy interior, complete with a recently updated kitchen and bathrooms that provide both style and functionality. The home also boasts a brand-new roof and garage door installed in 2024 also a new hot water heater added in 2023, ensuring peace of mind for years to come. The open layout flows seamlessly into an enclosed lanai, where you'll find an inviting Gazebo – an ideal spot for entertaining guests, grilling up your favorite meals, or simply enjoying a quiet evening surrounded by nature. The expansive backyard offers endless possibilities, whether you dream of creating a lush garden oasis, installing a pool, or simply enjoying the space as it is. With a 2-car garage, there's plenty of room for your vehicles, storage, and more. Located just minutes from the best shopping, dining, parks, and recreational activities in Port Charlotte and North Port, this home provides the ultimate in convenience and comfort. Whether you're looking to settle into the Florida lifestyle or seeking an investment opportunity with great potential, this property is your canvas for creating the home of your dreams. Don't miss your chance to make 14512 Elwood Ave your own – schedule a showing today!
Source: STELLAR #D6137782
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #D6137782
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: #D6137782