3310 Loveland Blvd # 1408, Punta Gorda, FL 33980
3 beds · 2 baths · 1,265 sqft
Impressive 3 Bedroom, 2 Bathroom SECOND FLOOR END UNIT with assigned parking space located in the desirable LAKEFRONT community LAKES EDGE. This condo is being sold partially furnished - everything you see in the unit conveys. This light and bright condo offers an open and split bedroom floor plan with Great Room, well equipped Kitchen, Inside Laundry room with washer and dryer and 20x8 screened porch with FABULOUS LAKE VIEW. This is the largest floor plan - THREE bedrooms - at Lakes Edge. The spacious Great Room has a Dining Area and sliding glass doors to the Lanai. The Kitchen features wood cabinets, Corian counters, great storage and counter space and the kitchen opens to the Great Room. Appliances include stainless built in microwave and stainless double door refrigerator, oven/range, dishwasher and disposal. The Master bedroom suite offers lanai access through sliding glass doors, lake view, large walk in closet and private bathroom with walk in shower with two seats. There are two generous sized guest bedrooms and the guest bathroom has a tub/shower combination. You will spend most of your time on the spacious screened lanai enjoying the expansive lake view. Flooring is luxury vinyl plank, tile and carpet. The unit has hurricane shutters. Lakes Edge is a great community offering two pools, a clubhouse, fishing pier, picnic area with BBQ grills, covered pavilion and sidewalks. Lakes Edge is minutes form shopping, dining, golf, medical care, I-75, and historic downtown Punta Gorda. ***Note that an assumable VA loan is available with an interest rate of 4.875***
Source: STELLAR #C7501856
Financials
Source: STELLAR #C7501856
Source: Public records
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%. 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.
Other resourcesWhat 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.
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