16160 Sabal Path, Punta Gorda, FL 33982
4 beds · 3 baths · sqft
Stunning 4-Bedroom Pool Home with Lake Views in Solar-Powered Babcock Ranch Welcome to your dream home in Lake Babcock, located in the innovative and eco-friendly community of Babcock Ranch! This beautiful 2-story pool home features 4 spacious bedrooms and 3 modern bathrooms, designed with high energy efficiency and smart home technology. The open-concept layout includes a family loft, French doors off the office, and custom built-ins in both the great room and family room, complete with an electric fireplace for cozy evenings. Enjoy the year-round southern sun in your private pool and spa, with stunning lake views as your backdrop. The expanded driveway with pavers and electric car charging station in the garage offer both convenience and sustainability. The home also boasts a tankless water heater, large ceiling fans in the main living areas and den, enhancing comfort and energy savings. Babcock Ranch is the first solar-powered city, featuring nearly 70 miles of walking and hiking trails, parks, and community spaces. Live in a forward-thinking, environmentally conscious community while enjoying luxury and comfort in your own home. Take a spin in your included golf cart that seats four to the many amenities in the withing this spectacular community. Don't miss this opportunity to own a piece of the future in Babcock Ranch! Schedule a viewing today and experience this exceptional property for yourself.
Source: FORTMYERS #224061758
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224061758
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: #224061758
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.