936 PHYLLIS TER, Port Charlotte, FL 33948
Welcome to your tranquil oasis in the heart of Port Charlotte. This enchanting two-bedroom, two-bathroom home offers a harmonious blend of comfort and style. This HOME Features 2 Bedrooms - split plan, and 2 Bathrooms, with a 2 car garage and larger fenced rear yard. The roof was recently replaced in 2023, providing peace of mind. The AC was updated in 2017 for optimal climate control. The living room/dining area is open and large and has French doors to the rear yard. The kitchen is galley style and has a modern farm style sink, faucet and has a convenient breakfast bar for a quick bite to eat. The Primary Bedroom is very spacious and inviting, offering a private sanctuary with a walk in closet complete with an owners safe. This room too offers French doors to the porch. The Master Bath is thoughtfully updated with dual sinks and beautiful walk in shower for a spa-like retreat. The second bedroom is on the other side of the home nestled behind a stylish barn door. Perfect for guests needing privacy, it also has a large walk in closet and bath with a tub/shower combo. The inside laundry room has plenty of additional cabinets for added convenience. The flooring, nearly throughout, is laminate wood, combining beauty and durability for the littles or your furry friends. The exterior, freshly painted, adds to the home's curb appeal. Need outdoor living? We've got that too! Relax on the expansive rear screened porch, complete with an added concrete apron for grilling or enjoy the sprawling fenced yard with a majestic Oak tree & fire pit area for cozy evenings under the stars. Or hey, just use it as an excuse to make smores! There's also an outdoor shower (fenced for privacy) so you can cool off after mowing. Conveniently located near schools and the tech center and just minutes away from shopping and dining, this home offers the perfect combination of comfort and convenience. Gulf beaches are within 30 minutes and two Spring Training Baseball stadiums also within minutes. Don't miss your chance to experience the charm of this HOME and get going on your Port Charlotte living. Schedule a showing today! Not local? Facetime showings are easy and available. Motivated seller. Pssst! WE LOVE BUYERS AGENTS!
You may be able to put down less than the total down payment amount of $143,358 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: #c7493533
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.