625 ENNIS TER NW, Port Charlotte, FL 33952
ASSUMABLE MORTGAGE AT 4% AND IF THAT'S NOT ENOUGH WE HAVE AN ASSUMABLE FLOOD POLICY! Welcome to your dream home! Nestled in the perfect location close to every store and restaurant you will ever need, this beautifully updated 3 bedroom, 2 bathroom home offers the perfect blend of comfort and style. The heart of the home boasts not one, but two separate living rooms, providing ample space for relaxation and entertainment. Whether you're hosting a movie night or enjoying quiet family time, there's a room for every mood. The inside of the home has been recently updated with modern finishes and thoughtful design touches throughout. The home has brand new painting interior and the exterior completed in 2024, new luxury vinyl flooring in 2024, new shiplap throughout, a newer security system, Impact windows 2018, Hot Water Heater installed 2022, Septic pumped 2023 , smart thermostat, New Roof 2020, New A/C unit 2020, Screened in Garage, and many more upgrades for you to come see. The kitchen is a culinary delight, featuring sleek granite countertops, New stainless-steel appliances, and plenty of storage space for all your cooking essentials with ample cabinet space. Retreat to the spacious master suite, complete with a luxurious ensuite bathroom that has been completely remodeled and a walk-in closet for all your wardrobe needs. Two additional bedrooms offer comfortable accommodations for family members or guests with both of them having walk in closets and a second completely remolded guest bathroom ensuring convenience for all. You'll adore the expansive screened-in back porch, where you can savor your morning coffee or unwind after a long day while enjoying the tranquil surroundings. If you need extra space the lofted shed that is extensively secured down will help you store your lawn equipment or anything else, you need to store. Conveniently located near top schools, shopping, dining, and recreational amenities, close to all of the gulf coast beaches, this home offers the perfect combination of convenience and tranquility. Don't miss your chance to make this your forever home—schedule a showing today and start living the lifestyle you've always dreamed of!
You may be able to put down less than the total down payment amount of $166,452 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4609682