3343 Sorrel St, Port Charlotte, FL 33981
4 beds · 2 baths · 2,040 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. BUYER FINANCING FELL THROUGH! Opportunity awaits of no fault of the home! Step through this beautiful screened front entrance with twin sidelights into your stunning 4-bedroom, 2-bathroom POOL HOME, located in the desirable Gulf Cove neighborhood of Port Charlotte, just a short drive from Boca Grande! Situated on a rare CORNER, almost half of an acre lot, this property offers over 2,000 sq. ft. of living space with an open floor plan, vaulted ceilings, a versatile den or second living room upon entering the home, and tons of storage! Out back, you will find a HEATED POOL that was recently resurfaced and features a brand-new 2023 pool cage—perfect for enjoying the Florida lifestyle and grilling out! The spacious primary bedroom offers a large WALK-IN closet with an ensuite bathroom featuring a luxurious jetted tub for ultimate relaxation. Updates include a 2024 AC, a 2021 new roof, hurricane shutters throughout the home, an impact front door, and a 2020 garage door, ensuring modern efficiency and peace of mind. Gulf Cove is a sought-after waterfront community located on the Myakka River, offering over 55 miles of navigable canals, a public boat ramp, parks, walking paths, and a playground, all available to homeowners with an optional low annual membership - It’s a paradise for boaters and outdoor enthusiasts! This home is located in an X FLOOD ZONE and is just a short drive to the pristine beaches of Boca Grande, world-class fishing, golf courses, shopping, and dining. For added convenience, the home can come fully furnished, making your move seamless and stress-free. Schedule your private showing today. Additional lot is included in the price.
Source: STELLAR #C7502391
Source: STELLAR #C7502391
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.