22312 Niagara Ave, Port Charlotte, FL 33952
2 beds · 2 baths · 888 sqft
This seller is motivated! This charming 2-bedroom, 2-bath home in a desirable area of Port Charlotte offers an open floor plan, with a seamless flow from the living-dining area to the galley style kitchen. The kitchen features updated cabinets, counters and all appliances. Additional highlights included a separate laundry room with a full-size washer and dryer included. The large, enclosed lanai is a plus that allows plenty of natural lighting and great for year around entertaining. A convenient pass-through window from the kitchen to the lanai adds to the functionality of entertaining as well as glass sliding doors that provide easy access. Freshly painted with LED lighting the home also has ceramic tile flooring for easy maintenance. Recent updates include a new roof (2023), Updated electric panel (2019), and new toilets. The attached one-car garage is finished and includes a 16x6 room that makes a great workshop or storage area. With city water and sewer, this home offers convenience, and the large backyard provides space for outdoor activities or a pool. The large Master Ensuite features a bath with tub and shower with access to the lanai through the sliding glass door. The home is ideally located near shopping, dining, medical facilities, and the new Sunseeker Resort with easy access to gyms, biking trails, beaches, and golf. The property has never experienced flooding, according to the seller, making it a perfect opportunity to own a cozy home in this prime location.
Source: STELLAR #c7487927
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7487927
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: #c7487927
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.