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11324 8th Ave

Punta Gorda, FL 33955

2 beds · 2 baths · 1,456 sqft

$260,000

$1,248/mo with 3.87% Express Financing

$1,373/mo with 7% bank financing

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About this home

Welcome to South Punta Gorda Heights, a tranquil retreat offering a country-like ambiance while remaining close to historic downtown Punta Gorda. This 1986-built residence is situated on a generous 0.50-acre lot and features a spacious 1,456 sq. ft. floor plan with two bedrooms and two bathrooms. The home boasts a newer shingle roof, impact-resistant windows, and wood tile flooring throughout. Additionally, the property is not located in a flood zone. South Punta Gorda Heights is free from association fees, and the property includes a fenced backyard with a 10’ x 8’ utility shed equipped with a doggie door. The expansive space offers the potential for recreational toys or a pool, and the large garage can serve as an additional workspace. Conveniently located just 1.8 miles from Interstate 75, 2.1 miles from shopping, and 6 miles from the heart of downtown Punta Gorda on Charlotte Harbor, this home provides both comfort and accessibility. make your private showing today!

Source: NABOR #224073087

1,456 sqft
0.5 acres
Single Family
Built in 1986
2 car garage

Neighborhood
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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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Last updated: Jul 27, 2025 01:38 am
Listing provided courtesy of: Fathom Realty FL LLC (877) 661-1977
Details provided by NABOR and may not match the public record.
MLS ID: #224073087
The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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