24715 Buckingham Way, Punta Gorda, FL 33980
2 beds · 2 baths · 1,400 sqft
One or more photo(s) has been virtually staged. ENJOY the security of a storm prepared Sheffield home in the storm prepared community of Kings Gate, a 55+ community that is more than 20 feet above sea level, NO FLOOD insurance required, has never experience storm surge and in evacuation zone D (have never been under an evacuation order). This home has been fortified with impact glass, 2022 Roof, 2017 AC, wired for a generator and has solar panels on lease for lower cost energy bill along with ADA accessibility at multiple entrances. Step inside this Sheffield and you'll notice the large living room before your eyes gaze out to the extended lanai that is tiled. Areca palms provide privacy. Kitchen connects to living room and that large extended lanai and has newer appliances along with a large pantry. The master bedroom is located to the back left of the house with the guest bedroom to the front right providing the peace and quiet both you and your guests will appreciate. The generous sized den has pocket doors allowing it to be used as a 3rd bedroom, private office, TV room or whatever fits your lifestyle. 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. A GREAT HOME that has been secured combined with a private 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 #c7500810
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7500810
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: #c7500810
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.