530 Kensington St, Port Charlotte, FL 33954
3 beds · 2 baths · 2,123 sqft
Beautiful 3/2/2, split floor plan, with 2,123sf under air, pool/spa home with county water and sewer is nestled in the friendly community of Port Charlotte. There are no deed restrictions or HOA fees in this community. Close to shopping, restaurants, schools, bike/walking paths, and many parks, the Charlotte Harbor, where you can fish, boat or just take in an amazing Florida Sunset. There are many near by beaches to visit. Pulling onto the circular drive, entering this lovely home, your eye is drawn to the amazing outdoor living space, the back wall of this space is sliders out to the screen enclosed lanai/pool area. There is a beautiful heated pool/spa with water features, a spacious pool deck with a cool deck surface (it won't get hot), and a covered seating area. This is the picture perfect "Florida Lifestyle"! There are matching tile floors and wood cabinets throughout the home. The main living area is open with high ceilings. The Foyer, Dining/Flex room, Great room, Kitchen and Dinette are in a large open space. The kitchen has darker wood cabinets, stainless appliances and granite counter tops, a pantry and a huge island that can seat 6 comfortably. The sprawling Great room is the centerpiece of the home. The cabinets under the TV conveys. The large Dining/Flex space has crown molding and wainscoting. The Dinette is currently occupied with a couch. It has 2 walls of sliding glass doors out to the lanai/pool area. One set of sliders has a zero corner door opening. when it is open, the outdoor/indoor space becomes one. The Master bedroom is on the south side of the home. It has up lighting in the tray ceiling, sliders out to the lanai, a regular closet and a walk-in closet. The master bath has dual sinks, a linen closet, water closet, garden tub and a walk-in shower. The glass block allows in natural light and still gives privacy. The 2nd and 3rd bedroom are on the north side of the home. They are comfortable size rooms and have access to the guest/pool bath. It has a tub/shower, linen closet and access to the pool deck. The Laundry room is on the opposite side of the Kitchen, near the garage. There is a laundry sink, cabinets, and large closet for additional inside storage. There is a shed in the backyard. Newer kitchen and laundry room appliances, roof replaced 2022, pool pump and heater replaced in 2024. The TV's, brackets, and security system don't convey with the home. Some furnishings are negotiable. Come see this Lovely home and fall in love!
Source: STELLAR #c7495776
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7495776
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: #c7495776
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