5447 Graves Ter, Port Charlotte, FL 33981
2 beds · 2 baths · 978 sqft
Back On Market Due To Non Performance Of The Buyer. LOOKING FOR SECLUSION, TO DOWNSIZE OR FOR INVESTMENT? Then this is the home for you. Situated on a quiet street this home has a large lot and plenty of room to park your camper or other TOYS on site. The recently painted home welcomes you to the screened front entry. Neutral tones grace all of the walls and there is tile in all of the living areas. The connected living/dining rooms are flooded with natural light and have ample room for enjoying time with family and friends. A soaring cathedral ceiling adds to the spacious feel of these room. The adjacent kitchen has stainless steel appliances, quartz countertops and a separate eating area (currently used as an office) for informal meals. Off the kitchen is a dedicated laundry/pantry with direct access to the one-car garage. The Primary bedroom can accommodate a king-sized bed and has its own ensuite bath. The second bedroom is on the opposite side of the home and has access to the second bath. An exceptional lanai allows for real Florida living as you access the heated swim/spa that remains! Of course, this home comes furnished which also adds to its charm. This home is located in an X500 flood zone and has easy access to Englewood and Boca Grand beaches. Gulf Cove also has community boat ramp available for a small $70 annual fee. Take your boat down the Myakka river into Charlotte Harbor then to the Gulf of Mexico through Boca Grande. This is old Florida Living! Home being sold Furnished and As/Is. Call to set up your private viewing today! Room sizes are approximate; all information provided is believed to be true and accurate and should not be solely relied upon; buyers and buyer’s agent responsible to verify all information.
Source: STELLAR #n6134795
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #n6134795
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: #n6134795
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