2615 Lee St, Punta Gorda, FL 33950
3 beds · 2 baths · 1,088 sqft
This home is a gem. Move in ready, transferable flood insurance and so much more! Discover your dream home in the heart of beautiful Punta Gorda. This charming 1,088 sq ft, 3-bedroom, 2-bathroom residence boasts incredible curb appeal and modern upgrades—all at an unbeatable price. Step inside to luxury vinyl flooring throughout, a spacious kitchen remodeled in 2019 with stainless steel appliances and granite counters. A large laundry room with newer hot water heater is conveniently located off the kitchen. The home features a new metal roof, a one-car garage, a large back porch with vinyl railing, and a new privacy fence offering added security. Enjoy time with family and friends in your private yard around the firepit or add a stock tank pool for a great Florida vibe. With no HOA fees, you'll have the freedom to enjoy your property as you wish. Perfectly situated near shops, restaurants, and just 10 minutes from Punta Gorda Airport, this home offers ultimate convenience. It's only 1.3 miles from Gilchrist Park on the Harbor, close to South County Regional Park with its pool and biking trails, historic downtown Punta Gorda, Fishermen’s Village, and the Punta Gorda Farmers Market. Whether you're a family looking for a great place to raise littles, first-time homebuyers seeking an affordable, move-in-ready space, or a couple wanting a peaceful, low-maintenance lifestyle, this home is perfect for you. Don’t miss this incredible opportunity to live in a vibrant Historic community with parades, craft fairs and farmers markets. You are just 40 minutes to the beaches of Sanibel Island or Siesta Key and CoolToday Park the Atlanta Braves new spring training stadium. This delightful home is just what your looking for in a Florida home. Contact us now to schedule a private tour!
Source: STELLAR #c7494794
Source: STELLAR #c7494794
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: #c7494794