171 Mark Twain Ln, Rotonda West, FL 33947
3 beds · 2 baths · 1,628 sqft
Price Improvement!!! Newer construction built in 2021 MODERN DESIGN 3 BED, 2 BATH, 2 CAR GARAGE home in Rotonda West now available! This ONE OWNER CUSTOM residence features a SPLIT BEDROOM and OPEN CONCEPT layout will exceed your expectations! <br> <br> Key features include a CONTEMPORARY IMPACT FRONT DOOR with 4 paned windows that will capture your attention from the start! IMPACT WINDOWS and SLIDERS, gorgeous trim, crown molding and baseboards, recessed lighting, updated fixtures, a serene neutral COASTAL palette and beautiful deep wood tinted luxury vinyl flooring throughout the main living spaces in addition to state of the art pendant lighting and modernized light fixtures throughout! Window treatments included (wood blinds and fabric sun slider shades)! <br> <br> The GREAT ROOM boasts VAULTED ceilings creating space and comfort for your entertaining needs in addition to a NEWER STYLISH FAN! The Kitchen is every chef's dream with an OVERSIZED QUARTZ ISLAND (9.4 ft) that can seat up to 6 with an abundance of modern cabinetry, tons of counter space, tasteful subway backsplash, tall pantry closet, cabinet lighting and stainless steel appliances. Adjacent is a breakfast bar/dining area that leads to the FULLY COVERED and screened-in back patio that spans from end to end of the home! And there is plenty of room for a pool in the back yard! <br> <br> The primary bedroom retreat is spacious with a trey ceiling, sliders to the lanai and a HUGE WALK IN CLOSET!!! The en-suite bathroom features dual sinks, private water closet, and an oversized walk in tiled shower with a new glass panel. The other two bedrooms are spacious as well featuring ceiling fans, stylish doors and built-in closets. <br> <br> Located in the remarkable area of Rotonda West, this property is surrounded by 5 golf courses offering a total of 99 holes. Additionally there are walking and biking trails, a stunning 165 acre park, serene lakes, lush landscaping, and a new community center. Our PRISTINE GULF BEACHES including Englewood and Boca Grande are just a short drive away. If you enjoy the outdoors there are ample opportunities for fishing, boating and water sports. Historic downtown Punta Gorda or Dearborn Street in Englewood are both worth a visit for their charming shops, eateries and Farmer's Market's. Close proximity to local and regional airports.
Source: STELLAR #D6138343
Financials
Source: STELLAR #D6138343
Source: Public records
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%. 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.
Other resourcesWhat 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.
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