28443 Coco Palm Dr, Punta Gorda, FL 33982
3 beds · 3 baths · 2,438 sqft sqft
HANDYMAN'S DREAM HOME! Come finish what was started and put your own touches on this beautiful waterfront home! Discover the allure of waterfront living in Palm Shores with this stunning 2-story pool home nestled on a spacious half-acre lot. Boasting over 2,800 square feet of living space, this impeccably designed residence offers formal living and dining areas, a family room, bonus room, and a generously sized kitchen. With 160 feet of water frontage and direct access to Charlotte Harbor, this home is a boater's paradise, complete with a concrete seawall and dock. Inside, you'll find rich wood flooring, soaring volume ceilings, and custom blinds throughout. The kitchen features temporary cabinets or utilize them to build your own gourmet kitchen. The master suite, located on the second floor, offers a spacious walk-in closet and a ensuite bath with a custom jetted soaking tub and separate shower. Additional highlights include dual AC systems, a dedicated laundry room, and a versatile bonus room that can serve as a 4th bedroom, media room, or home gym. Outside, the heated saltwater Pebble Tec pool and spa are surrounded by an extended brick-paved deck, offering panoramic views of the waterway. With its proximity to local beaches, dining, shopping, and golf courses, this property epitomizes the quintessential Florida lifestyle. Don't miss your chance to experience rural waterfront living at its finest in this extraordinary home, request your showing today.
Source: STELLAR #a4600011
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4600011
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: #a4600011
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.