30199 Holly Rd, Punta Gorda, FL 33982
2 beds · 2 baths · 1,608 sqft
This is your opportunity to make this updated 2 bedroom, 2 bath home yours! Located in the rural community of Ridge Harbor this home is nestled amongst stately oak trees and has private fenced back yard. With over 1600 square feet of living space, great room, dining room, spacious kitchen, and family room, this home offers bright and open floor plan. Tastefully appointed with stunning stone front wood burning fireplace in the family room, tile and blinds throughout, color accent walls, decorator light and fan fixtures, and updated bathrooms. The kitchen boasts granite counters, new wood cabinetry, stainless appliances including 3 door fridge, decorative tray ceiling, and pass-through window to lanai for easy entertaining. Master suite has a walk-in closet and en suite bath with custom tiled walk-in shower. As an added bonus the spacious family room has stone front wood burning fireplace and built in desk. There is also a closet in this room. So you could convert this room into a third bedroom. Other features include brand new roof and new flooring in bedrooms. You will spend most of your leisure time relaxing on your screened lanai overlooking your park like, private fenced back yard. Ridge Harbor offers access to the community boat ramp on Shell Creek for a small annual fee. And the best part is the location. You can enjoy other local waterways, local beaches, dining, shopping, and golf courses that make this area so special. You can also explore the waterfront public parks with bike and walking trails, pickle ball parks, picnic areas, and boat ramps that give you access to the Peace and Myakka Rivers, beautiful Charlotte Harbor, and the blue waters of the Gulf of Mexico. You are minutes to historic downtown Punta Gorda and popular Fishermen's village with quaint shops and cafes. And easy access to Interstate 75 with Sarasota and Tampa to the North and Fort Myers and Naples to the South. Great home in a quiet rural neighborhood.
Source: STELLAR #c7496631
Source: STELLAR #c7496631
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: #c7496631
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