4646 Fallon Cir, Port Charlotte, FL 33948
3 beds · 2 baths · 1,568 sqft
One or more photo(s) has been virtually staged. <BR> <BR> ***WATERFRONT WITH QUICK ACCESS TO THE HARBOR*** <BR> <BR> Beautifully updated home with newer metal roof, surrounded by tropical landscaping leading to the private boat dock equipped with remote power and water. Utilize the dock pilings in place for a future boat lift. Extended driveway has room for a boat or RV parking. Oversized two car garage has abundant storage space. Enjoy waterfront views from almost every room. Sizable backyard provides room for a pool! <BR> <BR> Gorgeous home has 12x24 Italian style tile throughout, modern lighting and ceiling fans and painted in neutral trending colors. Spacious living room hosting cathedral ceilings opening to the dining room and pocket sliders to the large, covered lanai. <BR> <BR> Terrific floor plan; Three-bedroom two bath with separate guest wing for privacy. Primary bedroom has views of the water, Two walk-in closets, large tile shower with bench plus a bonus office area with pocket sliders to the lanai. <BR> <BR> Fabulous kitchen accommodating Volume ceilings, 42-inch wood cabinetry, granite counters, tile backsplash, designer lighting and black stainless appliances. Wonderful location that is so tranquil yet close to shopping, restaurants, and beaches. You will enjoy the wildlife, fishing from your dock and gorgeous Southwest Florida sunsets! Call today for your private showing! <BR> <BR>
Source: STELLAR #n6135042
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #n6135042
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: #n6135042
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.