12200 Minnesota Ave, Punta Gorda, FL 33955
4 beds · 2 baths · 2,249 sqft sqft
Back on the market and Ready for a qualified buyer! How Would you like to have your Mortgage rate at an amazing 2.75% for this property? This stunning property boasts 4 bedrooms and 2 bathrooms within its spacious 2,249 square feet of living space, all constructed in 2006. The garage has been thoughtfully converted into a 4th bedroom, adding versatility to the layout. Additionally, a sizable 265-foot outbuilding shed provides ample storage space for your belongings. Inside, you'll find a large open floor plan, perfect for entertaining guests or simply enjoying daily life. Step outside to the beautiful modern pool, complete with a sun shelf and water feature, ideal for soaking up the Florida sunshine. The solar panels on the roof ensure energy efficiency, while the expansive pool deck offers plenty of room for outdoor relaxation. Take in the serene views from the Florida room overlooking the pool and wooded areas surrounding the property. Need a dedicated workspace? There's an office room ready for you. Enjoy the convenience of high-speed internet, and rest assured knowing there are no HOA fees and the property is not in a flood zone. The huge custom kitchen is a chef's delight, featuring modern appliances and ample counter space. The hvac system has been replaced as of april 2024. Located just 5 minutes away from I-75 and numerous stores, this home combines luxury living with unbeatable convenience. Don't let this opportunity slip away – schedule a viewing today and make this your new sanctuary in Punta Gorda!
Source: STELLAR #a4601399
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4601399
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #a4601399
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.