18530 Hottelet Cir Port Charlotte, FL 33948
Your savings
About this home
Welcome to 18530 Hottelet Circle — updated, stylish, and ready for you! This inviting 3-bedroom, 2-bath home shines with modern updates, including a new roof, air conditioner, hot water heater, and luxury vinyl plank flooring — all completed in 2020. The open floor plan creates a light, airy feel, with spacious living and dining areas that flow seamlessly into the kitchen. The owner’s suite offers a private retreat with an en-suite bath and walk-in closet, while the guest rooms provide flexibility for family, visitors, or a home office. Step through the sliding doors to the screened lanai, perfect for relaxing or entertaining while overlooking the large backyard with plenty of space for a pool. A two-car garage, indoor laundry, and low-maintenance landscaping complete the package. Located close to shopping, restaurants, golf courses, and beautiful Gulf beaches, this home offers the perfect blend of comfort, convenience, and peace of mind. All the big-ticket updates are done — just bring your furniture and enjoy Florida living!
Source: FORTMYERS #2025014797
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.