14756 PONCE DE LEON TRL, Port Charlotte, FL 33981
WHY WAIT TO BUILD or to add pool? Almost new 3 bed, 3 bath PLUS pool home on oversized lot, located in Harbor West, gated community in Port Charlotte/South Gulf Cove area. Popular Lennar Venice floorplan, built in 2021, with impact glass in windows/sliders means lower insurance and less maintenance costs.<br> <br>Open and flexible floorplan with 3 beds, 3 full baths and lots of storage! Spacious bedrooms with master suite including two walk-in closets, dual sinks in bathroom and oversized walk-in shower. Granite in kitchen and both bathrooms. Stainless appliances in kitchen, which features large island overlooking dining room and family room, perfect for entertaining. Corner pantry and white cabinets provide plenty of storage. No carpet, oversized diagonal tile throughout home. <br> <br>One of the largest lots in community with water view at front and back of home. Enjoy morning sunrise from covered porch or sunsets from lanai! Pool area features pavers, spa integrated into pool and cage was replaced after Hurricane Ian with full 3-side panoramic screens, to make the most of water views. Minimal damage from Hurricane Ian, repairs completed.<br> <br> VA BUYERS! Seller's loan is assumable with low interest rate, below 3%!<br> <br> Discover Harbor West, newer gated community within South Gulf Cove. Small, friendly community with some homes on boatable water, all homes overlooking lake or canal and community mailbox area to meet your neighbors. 2 access gates provide easy access for residents. Beautiful homes with tile roofs, landscaping and low HOA fee which includes lawn maintenance.<br> <br>Close proximity to Englewood, Boca Grande, Port Charlotte and North Port with Wellen Park dining and activities including Braves Spring Training. Beaches at Englewood, Manasota Key and Boca Grande are all in easy reach along with restaurants, shopping, cycle trails and multiple golf courses including Rotonda West Country Club with 99 holes of golf. This is one of the best kept secrets - fast growing area which still retains small town charm.
You may be able to put down less than the total down payment amount of $126,508 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: #d6134388