5550 Eyerly Ter, Port Charlotte, FL 33981
3 beds · 2 baths · 1,389 sqft
Short Sale. Discover this charming 3-bedroom, 2-bathroom home in the desirable Gulf Cove community. Built in 2022, this home offers 1,389 square feet of comfortable living space with a modern open floor plan that seamlessly connects the living, dining, and kitchen areas-perfect for everyday living and entertaining. The spacious bedrooms provide ample space for relaxation, while the contemporary bathrooms feature stylish fixtures and finishes. Step outside to your own private oasis, where lush greenery, mature trees, and vibrant plants create a serene backyard retreat. An above-ground pool provides the perfect spot to cool off and enjoy the Florida sunshine in total privacy. Located on a 9,999-square-foot lot, there's plenty of room for outdoor activities or future enhancements. Located in Gulf Cove, this home offers an optional HOA membership, granting access to a private waterfront park and boat ramp along the scenic Myakka River. For a low annual fee, members can enjoy amenities such as a playground, pavilion, picnic areas, and prime fishing spots. Boaters and anglers will love the easy access to Charlotte Harbor and the Gulf of Mexico, while the community hosts a variety of social events throughout the year. Beyond the neighborhood, this home is perfectly positioned near some of the best attractions in the area. Golf enthusiasts will appreciate the numerous championship courses just minutes away, while baseball fans can enjoy spring training games at nearby stadiums for the Tampa Bay Rays and Atlanta Braves. The stunning beaches of Boca Grande and Manasota Key are only a short drive away, offering pristine beaches and crystal-clear waters for a perfect day by the Gulf. With shopping, dining, parks, and outdoor recreation all within reach, this location truly offers the best of Southwest Florida living. This property is being sold as a short sale and is subject to lender approval, so buyers should be prepared for potential extended timelines. Don't miss this opportunity to own a beautiful, modern home in a sought-after waterfront community - schedule your showing today!
Source: STELLAR #N6136905
Financials
Source: STELLAR #N6136905
Source: Public records
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%. 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.
Other resourcesWhat 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.
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