206 Santarem Cir, Punta Gorda, FL 33983
4 beds · 2 baths · 1,876 sqft
WHY WAIT TO BUILD? HUGE PRICE REDUCTION, SELLER SAYS SELL! This home has been meticulously cared for, still leaving the new build feel. The "Grand St. Augustine" floor plan. Beautiful 4 bedroom home with 3-Car garage. Home includes a 10 year structural warranty! Open floor plan with 9'4" ceilings and 10' Trays. Also featuring a center island kitchen and 8 foot doors throughout. Spacious living room leads to large covered lanai to enjoy the SW Florida lifestyle! At the end of your street enjoy beautiful LAKE VIEWS and a very quiet street ending in a cul-de-sac. Features Include: Concrete Block Construction and Wood Frame Interior, Under Truss Lanai, Lenox 15 Seer high efficiency AC system, Moen plumbing fixtures, Dimensional Shingles, PGT Low E Insulated windows, cabinets with soft close doors, Granite Counters in Kitchen and Bathrooms, Stainless Steel Kitchen appliance package, colonial style raised panel doors, Electric garage door opener, 18" tile flooring in main living areas , Stone Accents on front elevation of the home, irrigation system, epoxy coated garage floors upgraded to paver driveway. Plenty of room for a pool of your choice! You will not find another new construction home at this price with this quality of construction! Click on links to virtually tour this property!
Source: STELLAR #C7505837
Financials
Source: STELLAR #C7505837
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.