2119 Pellam Blvd, Port Charlotte, FL 33948
2 beds · 2 baths · 1,248 sqft sqft
*2.75% ASSUMABLE VA LOAN* NO damage from Helene or Milton! Hurricane Impact Windows! Gas Generator Included! You do NOT see homes kept in this great of condition often. Somebody is going to get an amazing home that is a step above the rest…..could it be you? Partially furnished! Extremely Well-Maintained Home, X Flood Zone, is now available and waiting for you!! New Roof in 2016. With its split floor plan this home offers maximum privacy to both of the spacious bedrooms. Both bedrooms also feature nice sized walk-in closets. The kitchen offers plenty of space for cooking partners and features a large deep pantry with cabinets and countertops that look almost new! The kitchen window can also act as a pass-thru to the lovely private Florida Room. The Florida Room is large and is a great entertaining space or just a quiet space to enjoy your morning coffee. A large living room leads to a nice dining area with plenty of space for many guests. Bathrooms are lovely, one features a tub/shower combo, and the other is a large over-sized shower that includes handicap handrails. A nice 1-car garage offers a safe place to park your vehicle with plenty of additional parking for guests. There are also gutters around the entire structure! This home truly is a special find. Even comes partially furnished!! Located minutes away from everything Port Charlotte has to offer. Shopping, dining, schools, and hospital are all within a short drive and if the beach is your thing it only take 30 minutes to reach some of the most gorgeous beaches in the world. Make your appointment and schedule your private showing today!
Source: STELLAR #a4607028
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4607028
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: #a4607028
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.