1636 Abscott St, Port Charlotte, FL 33952
3 beds · 2 baths · 1,524 sqft
Welcome to 1636 Abscott St! This home features three bedrooms, two bathrooms in a comfortable split floor plan. The property is easily accessed from Midway Blvd and located on the Niagara Waterway, a brackish water canal. As you enter the home you are greeted with the spacious living room with bright, natural sunlight, neutral colored walls and dark colored wood like flooring. The living area flows through the formal dining room off the living room and adjacent to the kitchen. The kitchen features stainless steel appliances, granite countertops, neutral colored wood cabinets, pantry and a comfortable working triangle. A breakfast bar and an informal dining area aside the kitchen with slider doors accessing the lanai. The primary bedroom is bright and spacious with a large walk-in closet and an en suite bathroom that has a glazed window creating a bright space featuring neutral colored tile, a single sink vanity, standing shower, and a door that leads to the garage. Bedrooms two and three have a moderate sized window, neutral colored paint, and spacious closets. The second bathroom features a glazed window, a single vanity, and a neutral colored tiled tub/shower combo. The lanai is screened, tiled and accesses the spacious yard. The garage is oversized with plenty of storage space, houses the laundry area and has a side door that accesses the north side of property. The property is landscaped with palm trees in the front and an array of Deciduous and Conifer trees that border the back property line at waters edge. Colored concrete edging with assorted bushes and rock gardens highlight the front of the home. The riding lawnmower is functional and conveys with the property, as is. There is an irrigation system in place from the canal that needs repair. The roof was replaced in 2022. The windows were replaced in 2021 and all windows have accordion shutters. Electrical panel was upgraded in 2021. Water heater is 2017. AC is 2020.
Source: STELLAR #c7490346
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #c7490346
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.