24276 Buckingham Way, Punta Gorda, FL 33980
2 beds · 2 baths · 1,382 sqft sqft
What a value! All the major updates are done! This Sheffield floor plan offers exceptional privacy and captivating water and wildlife views on a large lot, and as a bonus, this comfortable home features a 2021 new roof, 2024 A/C, and 2024 impact-glass windows - rated over 150mph! The kitchen features white cabinets and granite countertops with a breakfast nook overlooking the lake. There are high 10' ceilings and a spacious living room, two bedrooms and den. There are triple sliders to the lanai which is screened for fresh air and relaxation. The guest bedroom and bath give guests a feeling of privacy, and the master suite has dual walk-in closets and bath with shower and dual sinks. FYI, the kitchen refrigerator will be replaced with the one in the garage. There is a GE security system in place, and for added protection the attic is foam sealed and a strong ridge vent installed. Kings Gate is an active 55+ community with a full-time Activities Director, heated swimming pool and spa, exercise & fitness centers, lighted clay surfaced tennis courts, bocce, lawn bowling, shuffleboard, computer room, billiards, crafts, theater and many other planned activities and outings for your pleasure. There is boat or RV storage for a separate fee. Buyer is required to pay a $1,500 Capital Contribution fee to Kings Gate Homeowners Association at closing. If you enjoy the social Country Club atmosphere, let me show you what Florida living is "really" like at Kings Gate!
Source: STELLAR #c7498945
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7498945
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 45-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: #c7498945
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.