181 Coconut St, Punta Gorda, FL 33980
2 beds · 2 baths · 1,248 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this 2 bed, 2 bath home in Belle Acres. Don't let the low cost fool you. It is worth every penny to be in this exclusive 55+, 9 home neighborhood. Downsizing but don't want too small? Looking for workshop space? Need more parking that just the average driveway? Want a new roof without paying for it, how about new doors and windows? Wanting a wonderful small community to be surrounded with, without the complications of loads of rules? Don't want to spend time working on a pool but want a small group of other homeowners to share it with? This lovely home offers a rare opportunity to enjoy peaceful living with the added benefit of a low HOA fee that covers pool maintenance so you don’t have to do anything. Enjoy the tranquility of a park-like setting while having access to a small community with a large pool, and a screened in area ideal for relaxing and socializing. This lovely home did not get any flooding from the storms. It was high enough to never get any high waters near the doors. This home is move-in ready, featuring a split-bedroom floor plan for added privacy, a new roof, brand-new impact-resistant windows, sliding glass doors and front door, fresh paint inside and out, a brand-new refrigerator and washing machine. The screened lanai offers a perfect outdoor retreat and is now enhanced with brand-new impact-resistant sliding glass doors. With an attached 1-car garage PLUS another detached garage, you have flexible space for storage, a workshop, or an extra vehicle—the possibilities are endless! Located in the Port Charlotte / Punta Gorda area, this home is just 4 minutes from the Punta Gorda bridge, offering easy access to dining, shopping, medical facilities, and all the fantastic amenities of Punta Gorda, Port Charlotte, and North Port. Whether you’re into boating, golfing, or exploring Florida’s incredible natural beauty, this area has something for everyone. With Punta Gorda Airport nearby and major international airports in Fort Myers, Sarasota, and Tampa, travel is a breeze. From taking a fast cat to Key West, exploring wildlife parks and eco-tours, enjoying water sports, or catching a ball game at Charlotte Sports Park, adventure is never far away. Plus, Charlotte County has been ranked among Money Magazine’s Top 10 Places to Live! With only nine homes in the community, you’ll experience a true sense of exclusivity and a friendly neighborhood atmosphere. Don’t miss out on this rare opportunity—schedule your private showing today!
Source: STELLAR #C7504577
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #C7504577
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.