2615 LEE ST, Punta Gorda, FL 33950
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!
You may be able to put down less than the total down payment amount of $32,093 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #c7494794