2132 ABSCOTT ST, Port Charlotte, FL 33952
*PRICE IMPROVEMENT!! You can have it all! This charming waterfront pool home offers a perfect blend of comfort, style and outdoor living. With over 2,120 sq ft this split floor plan offers 3 bedrooms, 2 bathrooms, and a bonus room which could be converted into another bedroom if desired. Upon entering the home, you will find it bright and airy, many windows and the skylight enhance the beautiful parquet wood flooring creating a welcoming ambiance. The spacious living area transitions to the kitchen which offers granite countertops, newer state of the art stainless-steel appliances, ice maker and water cooler. A pass-through window to the pool and patio area allows you to entertain and host parties with friends and family easily. There are three separate sliding glass doors where you can access the pool area, the screened enclosure and vinyl fence provides added privacy. The generously sized swimming pool comes with a heater (2022), timer (2022), pump (2022) and Maytronic Robotic Dolphin pool cleaner (2022). Just outside the pool is your private dock on a freshwater canal for those fishing enthusiasts or space for lounging to enjoy the peaceful and tranquil waters. The master suite offers a large space to retreat, with a large walk-in closet and a bonus room (currently used as a music studio); could be used as an office, library or den. The other 2 bedrooms are on the opposite side of the home, providing privacy for family and guests who also have close access to the other full bathroom. The shingle roof was replaced in 2022 along with all exterior and interior paint, providing peace of mind, ensuring years of worry-free living. The circular driveway is more than convenient, and an oversized 2-car garage, includes steel overhead storage racks, and two separate workshop areas. This home is in a centrally located area of Port Charlotte, with easy access to highways, hospitals, restaurants, shopping centers, and recreational amenities. This exceptional home offers the perfect blend of tranquility and convenience, truly a place to call home. Don’t miss your chance to experience the best of Florida living - Call today to schedule your private showing!
You may be able to put down less than the total down payment amount of $47,353 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: #c7492985