24160 Buckingham Way, Punta Gorda, FL 33980
3 beds · 2 baths · 1,721 sqft
"PRICE REDUCED" You could live in paradise in Kings Gate, the desirable 55+ gated golf course community in the heart of Port Charlotte. Manmade lakes with center fountains picturesque community; this community has several activities (billiard room, computer room, restaurant, bar, movie theater, ballroom, boat/RV storage..etc), socia calendar, group trips, concerts and full-time activity Director. Example of what HOA covers like sprinkler system check, lawn maintenance, waste management pickup, and television cable. This Floridian home consist of 3 bedroom and 2 bathroom entire home has plantation shutters; 1721 square foot home has an open and vault ceilings. The gourmet kitchen/dining room combo; kitchen has new vinyl plank flooring, granite counters and stainless appliances with lots of storage. Your living room is oversize and centralized flowing to the bedrooms. The 29' lanai has impact resistant, UV coated windows to make it feel like part of the house. A 400 sf. ft. concrete patio lets you also enjoy your outdoor space providing privacy. The master bedroom suite with large bath has a garden bath tub, dual sinks and a large Roman shower. The Kings Gate community has options to keep you busy no matter your interests. There is an Olympic-size pool and spa, tennis and pickle ball courts, fitness center with sauna/lockers available and way more. There is also an 18-hole golf course open to the community and the public. The onsite Lion’s Den restaurant and bar is convenient, or you can travel by golf cart to the shopping center, and restaurants. Charlotte County has some of the most beautiful beaches in SW Florida not far from this community. Located in a prime location for dining, parks, entertainment, airport, Sunseeker Resort, and Fisherman’s Village. Make this your home or a great investment.
Source: STELLAR #c7491176
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7491176
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 30-day close.
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.
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.
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.
MLS ID: #c7491176
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.