821 Silver Springs Ter NW Port Charlotte, FL 33948
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About this home
Welcome to 821 Silver Springs Terrace NW, a fully renovated 2-bedroom, 2-bathroom single-family home offering 888 sq ft of beautifully updated living space. Built in 1975, this home has been meticulously transformed, blending modern design with Florida charm. It's the perfect year-round retreat or seasonal getaway in Port Charlotte. Enjoy your own private pool, ideal for year-round enjoyment in the Florida sunshine. An Expansive Lanai provides an excellent outdoor living space, perfect for hosting guests, chilling and grilling or relaxing in privacy Prepare meals with ease in the fully renovated kitchen, featuring newer appliances and plenty of counter space. Bright & LIght & Open Layout: Both bathrooms are completely updated and the primary has a barn door charm! Two sets of sliding glass doors, including one from the primary suite, bringing in natural light and provide seamless access to the lanai and pool. Located on a 0.23-acre lot, with added privacy due to vacant lots behind and on one side. Just minutes from Town Center Mall, public boat ramps, and the Port Charlotte Beach Complex, this home offers great convenience for water lovers. Top-rated schools like Meadow Park Elementary, Murdock Middle, and Port Charlotte High School are nearby, making it a fantastic option for families. This fully renovated home is cash-only and offers the perfect combination of modern Florida living and privacy. Schedule your private showing today! Home include Hurricane Shutters and a shed in the back and the washer and dryer! Making this MOVE IN READY! ROOF-2021--AC 2023--FENCE 2023--WINDOWS AND DOORS 2022/2024
Source: STELLAR #O6308366
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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.
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