3431 HIGHLANDS RD, Punta Gorda, FL 33983
Welcome to your Florida lifestyle oasis! This charming 3 bed, 2 bath home offers the perfect blend of comfort and convenience. Step into an open-concept layout with a beautiful kitchen, creating a fresh and inviting atmosphere for everyday living. Relax and unwind in your SPACIOUS IN-GROUND POOL with NEW POOL CAGE or host gatherings on the covered patio, all while enjoying the serene landscaped backyard. This home boasts amazing upgrades, including a Hayward 2.70 THP POOL PUMP installed in 2019 and a fully replaced HVAC system with NEW DUCT WORK in 2020. In 2022, the property underwent significant enhancements, featuring a NEW 1050-gallon dual septic tank with a 5-year warranty, COMPLETE HOUSE RE-PIPING, and the addition of 46 (375 W) LG SOLAR PANELS paired with an Enphase IQ7Plus inverter and Tesla Battery Powerwall 2.0. Embrace sustainable living with the ability to run completely off the grid! The monthly payment offsets the electric bill. In 2023, a mini-split AC unit was added to the garage, along with storage cabinets and a murphy bed, creating additional living space for an in-law suite, man cave or crafting space! Not to mention, a NEW ROOF was installed in April 2023, ensuring peace of mind for years to come. Additionally, NEW IMPACT WINDOWS were installed in February of this year, enhancing both safety and energy efficiency. Enjoy access to Harbour Heights park and boat ramp, providing easy navigation through Charlotte Harbor and into the Gulf of Mexico. Located just 4 miles from the Sunseekers resort, with great dining experiences and shopping opportunities nearby, this property offers unparalleled convenience. Don't miss out on this rare opportunity to embrace the Florida lifestyle with energy-efficient solar panels and prime waterfront access. Schedule your viewing today!
You may be able to put down less than the total down payment amount of $157,118 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: #a4606186