21524 Edgewater Dr, Port Charlotte, FL 33952
3 beds · 2 baths · 1,320 sqft
Location, Location, Location! SIX Minutes from the famous Sunseeker Resort Charlotte Harbor. Only a FIVE minute drive to Port Charlotte Beach Park where you can also launch your boat at the Charlotte Beach Public Boat Ramp DIRECT to OPEN WATER! Truly a sportsman's dream. CITY WATER and SEWER. NEW ROOF 2022. NEW WATER HEATER 2023. NEW A/C SYSTEM 2018. Updated main electric panel. Whole house solar panel system. The BUYER is required at closing to assume the Solar Panel system remaining loan amount of around 50k. Boasting three bedrooms and two full bathrooms, this home will satisfy your craving for a great value. The fabulous kitchen has ample counter and cabinet space any cook will value. Fully vented range hood eliminates smoke and steam building up while you cook along with the handy pantry make this a WINNER! You will appreciate the tastefully updated primary bathroom with fully tiled tub shower combo. Convenient built in shelves in the shower complement the design. Your guests will enjoy the spacious bedrooms and updated guest bathroom. RELAX on the 250 square feet plus screened lanai. Sip your favorite beverage and enjoy your place in the sun. Like much of Florida, Port Charlotte enjoys a warm climate year-round, making it an ideal location for those who enjoy outdoor activities and dislike cold weather. Port Charlotte is known for its beautiful waterfront and access to miles of waterways. Residents can enjoy boating, fishing, kayaking, and paddleboarding. The area is also home to several parks and nature preserves, providing plenty of opportunities for hiking, bird watching, and enjoying the natural beauty of Southwest Florida. Compared to many other parts of Florida and the United States, Port Charlotte offers a relatively affordable cost of living. Port Charlotte has a small-town feel with a tight-knit community. The area is known for its friendly residents and a sense of belonging, making it an excellent place for families and individuals looking for a supportive community environment. Port Charlotte is conveniently located near some of Florida's best beaches, including those on the Gulf Coast. It's also a short drive away from major attractions in cities like Sarasota, Fort Myers, and Naples, offering residents easy access to a variety of entertainment, dining, and cultural experiences. Overall, Port Charlotte combines the charm of small-town living with the benefits of Florida's beautiful climate and outdoor lifestyle, all at an affordable cost of living. Video and/or audio surveillance with recording capability may be in use on these premises. Conversations should not be considered private.
Source: STELLAR #c7499660
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7499660
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: #c7499660
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