675 Riviera Ln NW, Port Charlotte, FL 33948
3 beds · 2 baths · 2,012 sqft
Welcome to 675 Riviera Ln NW! This spacious home features 3 bedrooms, 2 bathrooms with over 2,000SF of living space. A large family room greets you as you enter this well maintained home with bright, natural sunlight. The heart of this home is certainly the kitchen which features a comfortable working triangle, beautiful granite countertops, stainless steel appliances and a passthrough window for sunlight and access to the lanai for ease of entertainment. An additional family room and dining area are adjacent to the kitchen along with a breakfast bar. Primary bedroom features NEW neutral colored vinyl plank flooring, a slider accessing the lanai and a walk-in closet. The spacious and bright en suite bathroom feature 3 frosted windows, oversized single vanity, tub and a large linen closet reside this master suite! Bedroom 2 features NEW neutral colored vinyl plank flooring, 2 large windows and a large walk-in closet! Bedroom 3 is currently being used as office space and does not have a closet. Bathroom 2 features a large oversized vanity, shower, linen closet and even has a door accessing the lanai for your future pool! Laundry area is located in the oversized spacious garage with utility sink. New features of the home include; NEW Impact windows, roof is 2021, AC is 2017 and serviced every 6 months, electrical panel and newly re-screened lanai.
Source: STELLAR #c7473459
Source: STELLAR #c7473459
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: #c7473459