1105 Rum Cay Ct, Punta Gorda, FL 33950
4 beds · 3 baths · 3,131 sqft
One or more photo(s) has been virtually staged. Bring your boat to this spacious 3,100+sq/ft waterfront pool home on an oversized lot at the end of a quiet cul de sac. This home boasts 120 feet of waterfront in the highly desired boating neighborhood of Punta Gorda Isles. With 4 bedrooms, (plus huge bonus room/possible 5th) 2 ½ baths and 2 car garage, this home has the space you need to spread out and enjoy the Florida lifestyle. Enter the home through the private front courtyard and arched window entrance. Step inside and admire the soaring ceilings and bright natural light with stunning views through your sliding glass doors to the lanai, solar heated kidney shaped pool, and canal beyond. With imported Italian tile throughout (no carpet) the oversized master bedroom features private double walk-in closets one with a secondary closet attached and private entry to the pool and lanai. The ensuite bath features an extra-large step in shower with dual shower heads, dual sink vanities, soaking tub along with pool and canal views. The large chef’s kitchen adjoins the large family room and has plentiful cabinet storage, granite counters, a breakfast bar for quick morning meals, large walk-in pantry, and center island, with plenty of space for entertaining family and friends. The 2-car garage features a Manabloc water distribution system along with 2 home entry doors and 2 exterior entry doors, plus a secondary storage area along with an attached 14x15 bonus room(possible 5th bedroom)suitable for a wide variety of hobbies or extra storage. This home features a NEW ROOF, 2 new (2024) A/C units. Accordion shutters protect the windows and roll down shutters on the huge covered lanai provide quick and easy security and storm protection. Fruit trees and mature landscaping compliment the fully fenced back yard leading to your private dock (w/elec & water) and 10k/lb. lift providing quick powerboat, single bridge access to Charlotte Harbor and the Gulf beyond. Just minutes to Fishermen’s Village and historic downtown Punta Gorda featuring fine restaurants, shops, marinas, waterfront parks, community events, arts, and entertainment as well as easy access to the Southwest Florida Gulf beaches via I-75 and US 41.
Source: STELLAR #C7504987
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #C7504987
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.