24117 Buckingham Way, Punta Gorda, FL 33980
2 beds · 2 baths · 1,386 sqft
HUGE lot and GREAT view in this rarely available Edinburg floor plan in the gated golf course/active resort of Kings Gate, a 55+ community that is NOT in a flood zone and in evacuation zone d (have never been under evac order). This homes has many updates - including 2019 roof, 2021 AC, whole home totally replumbed in 2021, acrylic windows in lanai in 2020, and both sides of the home with impact windows in 2024. Large side yards between you and both of your neighbors combined with a great view makes this one of the BETTER lots in Kings Gate. Step inside this home and you'll instantly notice the open concept with the kitchen (granite counters, island, newer white appliances), living room and dining room all seamlessly connected. Access the enclosed and tiled lanai from the living room or the master bedroom and enjoy that expansive view of the preserve and golf course - and as a BONUS you have a generous size paver patio just outside the lanai. The spacious den has double doors that allow you to use as a 2nd TV room private office or 3rd bedroom - whatever fits your lifestyle. And with the guest bedroom/bathroom in the front right of the house with the master bedroom in the back right of the house (den located in between) both you and your guests will enjoy the privacy. And if you haven't been to Kings Gate before - you're going to love the options for activity (Olympic size heated swimming pool and spa, tennis courts, pickle ball, lawn bowling, shuffle board, bocce, horseshoes, gym, billiards, library, euchre, bingo, bridge, Texas hold em, poker, mahjong and more). The onsite AND NEWLY REMODELED Lions Den restaurant and bar is super convenient and also offers Tuesday night Karaoke and monthly trivia contests. Many residents love the fact that they are just a golf cart ride away from the Winn Dixie shopping plaza that provides you access to grocery store, drug store, bank, restaurants and shopping. Want to explore outside of Kings Gate – you are minutes away from the restaurants and shops of downtown Punta Gorda and Fisherman's village. And if you want to explore more of Florida's fun spots you’re near I75 to quickly head north or south. An AWESOME lot with an AMAZING view in a PREMIER gated community needs to be on your list. Call today for a private showing and a golf cart tour of the community/amenities.
Source: STELLAR #C7504344
Financials
Source: STELLAR #C7504344
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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