22437 ADORN AVE, Port Charlotte, FL 33952
Wellcome home to this beautiful 3 bedroom 2 bathroom house in the heart of port charlotte Florida. This house is in a quiet neighborhood with very pleasant neighbors. As you enter the home, you are greeted with porcelain wood-grain style tile on the front porch and throughout the entire home. The back lanai also has porcelain tile. Quartz counter tops. This home has all wood cabinets with soft-closing doors and drawers. The master on suite has a walk in closet and a walk-in shower in the bathroom. The master bathroom has split vanities. High ceilings with a ceiling fan in almost every room, including the back lanai. All windows and entry doors are impact resistant, so, there is no need to put up storm shutters when the weather gets bad. All of the windows have cordless blinds. The garage has a painted floor, original from the builder. The garage has additional lighting added to it. The attic has plenty of room for storage. Large yard for entertaining. City water! The A/C unit is a Lennox, which is a top brand. Smart thermostat, smart entry lock, and smart garage door opener.
You may be able to put down less than the total down payment amount of $78,170 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: #a4620635