17892 CORKWOOD BEND TRL, Punta Gorda, FL 33982
HOA Fee paid for 1 year by seller with acceptable offer. Looking for a home with plenty of space for the whole family? Well you have found it here! Located in Flood zone X! Discover unparalleled comfort and style in this beautiful two-story home, situated within the Solar Powered & Eco-friendly Trails Edge community of Babcock Ranch. Featuring the sought-after Majestica floor plan by Lennar, this residence encompasses over 3,295 square feet of elegantly appointed living space. With five bedrooms, four and a half baths, this home sets a new standard for modern & generational living. At the heart of this exquisite property is the expansive kitchen, boasting ample counter space, a large island, and an inviting eat-in area. Designed for both culinary enthusiasts and gatherings, the kitchen's open concept flows effortlessly into the dual living rooms and dining areas, creating a continuous, engaging space throughout the house. Upstairs, the thoughtful layout continues with three additional bedrooms, including one with a private ensuite, ensuring comfort and privacy for family members and guests alike. The master suite offers a serene escape, with ample space for a king size bedroom set, plenty of space in the bathroom for him and her, and not to mention the captivating views of the surrounding landscape. Outdoor living is redefined here, with a screened-in lanai and gorgeous pool that invite you to relax or entertain while enjoying panoramic views of the tranquil lake. This home perfectly complements an active lifestyle with nearby state-of-the-art fitness facilities, extensive biking and hiking trails, and multiple sports courts. Just steps away, convenience meets community with a local Publix supermarket, restaurants, and a Starbucks cafe, ideal for everyday essentials and a quick coffee break. Babcock Ranch is more than a home; it's a vibrant community dedicated to sustainability and enriched with a plethora of amenities to enhance your lifestyle. Embrace the pinnacle of Florida living in a community that truly values your quality of life. Make this majestic home in Babcock Ranch your new haven and experience a lifestyle where comfort meets luxury in an eco-conscious setting.
You may be able to put down less than the total down payment amount of $215,046 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #224041502
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.