30221 ALDER RD, Punta Gorda, FL 33982
BRING YOUR BOAT AND RV! NO FLOOD ZONE! DOUBLE LOT! What a Gem!!! Beautiful Renovated 2/2. Garage has also been enclosed expanding the home! ALL UNDER AIR! Efficiency 2 stage A/C 2023 system with a heat pump water heater. NEW METAL ROOF sheeting and installation 2024 with all new energy efficient windows The Master Bedroom has an added Walk-In Closet with shelving and adjustable mood lighting on a dimmer switch. Enjoy your 5 x 7 walk-in shower elegant white tile with a large seating area and a Shower Panel. The Open Kitchen's been redesigned with maple cabinets and soft close hardware, featuring a large workstation sink as the island boasts gorgeous white quartz countertops with full wall backsplash to match. Also, enjoy your custom coffee station matching kitchen counters and countertops, just opposite the kitchen. From there, step through the wooden french doors into your peaceful secluded sun room. This sun room is inundated with light due to the 12ft 3 panel glass sliding doors. Enjoy your coffee looking out onto your oversized back yard and shady Oak Tree. Great space for a pool as well as room for the animals and kids to play. Plenty of space for working on vehicles and toys in your workshop/garage that also has an enclosed screen porch to BBQ in out of the weather. This home Conveys the lot next door in the sale of this property. (30215 Alder Rd, PID# RIH 002 0000 0277) Most of the home has waterproof engineered hardwood flooring. Upgraded electrical panel, drop lighting and all new ceiling fans. The New Laundry Room boasts cabinet space, a washer/dryer and a custom beautifully tiled dog wash station. Off the laundry room is the mud room and additional flex space/bedroom/office. This home is truly a gem with the Community being extremely active with holiday festivities such as Halloween Parades, Chilli Cook offs, Food Truck Friday's and the list goes on. Community Center is also available for special occasions to rent. Water Access Bonus for the Boat Lovers out there! You have the option for a very small yearly fee, at your disposal the community boat ramp. What a great neighborhood to be a part of! Schedule your showing and come see for yourself!
You may be able to put down less than the total down payment amount of $118,603 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: #224071741