1381 Fargo St Port Charlotte, FL 33952
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About this home
2 Bedroom 2 Bathroom Home with Dual Master Suites and Fantastic Curb Appeal! This meticulously maintained home offers a spacious open split floor plan with not one, but two master suites—perfect for multi-generational living, guests, or added privacy. From the moment you arrive, you’ll be impressed by the stamped-concrete driveway and charming decorative awnings, which enhance the curb appeal of this lovely property. Accordion-style hurricane shutters provide peace of mind, offering excellent storm protection along with potential insurance savings and ease of use. Step inside and you’re welcomed by vaulted ceilings, sunburst windows, and stylish tile flooring throughout. Decorative planter shelves add architectural interest, while the open layout creates a warm and inviting atmosphere. The galley-style kitchen is both functional and beautiful, featuring granite countertops, a breakfast nook and bar, matching appliances, a pantry, and 21-inch tile flooring. Just off the kitchen, the indoor laundry room offers convenience and includes a pocket door for added privacy. Both master bedrooms are generously sized. The first master suite includes a spacious walk-in closet, a tub and shower combo, granite countertops, a ceiling fan, and a private water closet. The second master suite features its own walk-in shower, granite counters, and a walk-in closet as well. French doors lead into a lovely Florida room, enclosed and air-conditioned for year-round enjoyment. This bonus space overlooks a peaceful, shaded, and fenced-in backyard, perfect for relaxing or entertaining in privacy. Additional features include a 2-car garage with updated impact garage door, new water heater (2023), new roof (2023), and a security system. Located in a non-flood zone and nestled in a quiet, friendly neighborhood, this home is conveniently close to shopping, dining, and everyday essentials. The entire home has been updated with 21-inch tile throughout, offering a modern, cohesive look from room to room. This thoughtfully designed and beautifully updated home is move-in ready and waiting for you to make it your own. **PLEASE ENJOY THE 3D INTERACTIVE VIRTUAL TOUR ASSOCIATED WITH THIS LISTING**
Source: STELLAR #C7508255
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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.