22312 NIAGARA AVE, Port Charlotte, FL 33952
HIGHLY MOTIVATED SELLER!!! Discover tropical living in this delightful 2 Bed/2 Bath paradise doll house, nestled in the sought-after New York area of Port Charlotte. Boasting an open floor plan, this cozy abode offers seamless transitions from the living-dining area to the galley style kitchen, complete with updated cabinets and counters that encompasses all appliances as well as washer & dryer. One of the highlights of this home is the 325 square feet of additional living space in the enclosed lanai, perfect for relaxing and entertaining year-round. A convenient pass-through window from the kitchen adds to the functionality of the space, while a glass sliding door provides easy access to the lanai. Freshly painted with LED lighting added, this home exudes a welcoming ambiance. Ceramic tile flooring throughout ensures easy maintenance, while recent updates including a New Roof (2023), Electric Panel (2019), and updated toilets add to the home's appeal. The attached one-car garage is finished and offers added convenience. Enjoy city water and sewer services, adding to the ease of living in this charming abode. The Master Bedroom has a full bath with tub and shower, as well as access to the lanai through another sliding glass door. Step into the private backyard, where there is ample space for a pool or outdoor activities of your choice, perfect for enjoying the Florida sunshine. Conveniently located, this home is close to everything you could want or need, including dining, shopping, entertainment, churches, medical facilities, and the new Sunseeker Resort. Gyms, biking trails, beaches, and golfing are all within easy reach, with many amenities just a short walk away. Don't miss out on an opportunity to make this little treasure your own! Schedule an appointment for a private viewing today and start living your dream in paradise!
You may be able to put down less than the total down payment amount of $81,794 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: #c7487927