17030 Smith Ave, Port Charlotte, FL 33954
3 beds · 2 baths · 1,889 sqft
Under contract-accepting backup offers. DOUBLE LOT HOME with LARGE 30x40 DOUBLE SHED/GARAGE on almost 1/2 ACRE...THE PERFECT PROPERTY FOR A HOME BUSINESS! This ideal 3-bedroom, 2-bathroom home comes with TWO ADJOINING BACK-TO-BACK CORNER LOTS measuring a total of .46 acres! Two separate driveways make this the perfect property for a home business! The interior is spacious at almost 1900 sqft! Newer 2021 METAL ROOFs embrace both the home and shed. Home features an open concept, large enclosed lanai, master bedroom with his & her closest with a spacious en-suite bathroom, an interior laundry (with conveying washer and dryer), a double pantry, and a two car garage with opaque privacy screen sliders. The LARGE STORAGE SHED measures offers two tall 10’ hurricane garage doors with ample ceiling space to harness a lift, store an RV& boat, or use a rental storage to make passive monthly income. There’s a separate septic on the side of the shed and a plumbed drain line, ready to create an additional bathroom/washroom. Electricity to the storage shed can be easily connected to the main home by use of one meter. For privacy, the home has one side of vinyl fencing in place. Desiring a pool?, No worries, there’s plenty of room to add a pool to your liking. This property is in a GREAT CENTRAL LOCATION to conveniently store equipment for an area service business such as pool service, painting & handyman or even a lawn care service. With I-75 just minutes north, and Tamiami Trail 1/4 mile south, quick area access only minutes away. There is a COUNTY PACE LOAN reflected in the COUNTY TAXES. This will be paid off at closing, and will likely reduce your property taxes. NO FLOOD INSURANCE NEEDED, NO HOA FEES, and NO DEED RESTRICTIONS! Call today for your private tour.
Source: STELLAR #n6134300
Source: STELLAR #n6134300
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: #n6134300
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.