7267 Teaberry St, Englewood, FL 34224
3 beds · 2 baths · 1,449 sqft sqft
**NEW PRICE** DISCOVER YOUR NEW HOME in this charming hamlet of Englewood, perfectly located to enjoy all that the Sunshine State has available. With quick access to Gulf Beaches, you'll also have plenty to explore in Punta Gorda, Peace River, Charlotte Harbor or watch the glorious Southwest Florida Sunsets at your local favorite beach restaurant. This beautiful property is situated on an oversized corner lot. Exterior features include: covered screened Lanai, an outside storage shed that provides extra space for your own workshop and tools. Full 2-Car Garage with Attic Storage. Interior Features: Spanish tile flooring for easy maintenance throughout the home. High ceilings create an airy and spacious atmosphere. Your updated kitchen is in the center of the home, boasting stone countertops, newer cabinets, and newer appliances—ideal for cooking and entertaining. This open floor plan ensures a seamless flow between living spaces. Sliding glass doors provide abundant natural light. Ceiling fans are installed in every room for added comfort. With this split bedroom plan, you'll have privacy with the primary suite separated from other bedrooms. The primary bedroom features on an ensuite bathroom plus a walk-in closet, for ample closet space. The front formal dining room can be used as a dining room or an adaptable flex space; an additional dinette area overlooks the back covered patio. Newer exterior paint and BRAND NEW ROOF (January 2023).** NO FLOOD INSURANCE REQUIRED. ** Close to Shopping, Golfing, Boating, Fishing, and Farmer’s Markets, this home offers everything you need to embrace the Florida lifestyle. DID WE MENTION THERE ARE ABSOLUTELY **NO** HOA's??? Do not miss out on this incredible opportunity!!
Source: STELLAR #u8246059
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8246059
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: #u8246059
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.