10127 Peach Ave Englewood, FL 34224
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About this home
PRICE IMPROVEMENT! Welcome to this beautifully maintained 2-bedroom, 2-bathroom, 1,531 sq ft pool home in sunny Southwest Florida—move-in ready with a low-rate VA assumable mortgage for qualified buyers, making it an exceptional value in today’s market. There are NO HOA, NO CDD, NO Deed Restrictions, and located in the preferred X Flood Zone—no flood insurance required! This split-bedroom floor plan is ideal for privacy and functionality, with the spacious owner’s suite located on the opposite side of the home from the guest bedroom. The owner’s suite has been recently remodeled with new carpet, fresh paint, a modern ceiling fan, and a fully updated ensuite bathroom completed in 2022. Sliding glass doors provide easy access to the lanai and pool without disturbing guests. The main living spaces flow effortlessly from room to room. The bright and open dining room leads into a well-appointed kitchen featuring a breakfast bar, ample counter space, a large pantry cabinet, and an R/O water filtration system. The family room is open to the kitchen, making entertaining a breeze. A 5x7 indoor laundry room provides additional space for storage and functionality. Step outside to your private backyard oasis, complete with a resurfaced pool (2016), new pool timer and screens (2023), and a spacious covered lanai—perfect for outdoor gatherings. The guest bathroom has direct access to the pool, enhancing the home's entertainment value. Some of the updates include: new roof in 2022, Gutters and exterior paint 2022,A:C replaced 2020, Refrigerator 2021, stove 2020, washer 2021,7 hurricane windows 2021, hurricane garage door 2021. There is additional storage in the 424 sq ft garage. The mature landscaping is maintained with an irrigation system using well water. This home did not have any flood water damage. Located just a short drive from the pristine beaches of Manasota Key and Boca Grande, plus Englewood’s historic downtown area with restaurants, boutique shops, and a seasonal Thursday Farmers Market. Whether you're starting out, relocating, or downsizing, this home offers charm, location, and an unbeatable value. Don’t miss your opportunity to lock in a lower mortgage rate and enjoy everything this Florida gem has to offer!
Source: STELLAR #D6139101
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.