4028 RIVER BANK WAY, Punta Gorda, FL 33980
Gorgeous 4Bed 2.5Bath 3 CAR GARAGE home, beautifully presented in the impressive gated community of River Club. Upon entry through the foyer you will be greeted by the highly sought after FLORIDA SUNSET SKY and FANTASTIC WATER VIEW. This home features an open floor plan with first class finishes. Welcoming gourmet kitchen featuring double island with working cabinetry, Built to the highest standards with granite countertops. Host the perfect events/parties with room for everyone in this Chef’s dream. Enjoy extra work space in the built in media room. Half bath on the first floor. Second floor boasts unbeatable views from the Owners Suit and offers a spacious design with tray ceilings and dual walk in closets. En suite is a true retreat combining duel sinks, granite countertops and a walk in shower with 4 shower heads, including 2 rain shower and one hand held. Additional 3 spacious bedrooms are also included on the second floor. Extra large laundry room and additional closet for extra storage. 3 CAR GARAGE with smart garage doors is perfect for all your toys... *NEW ROOF * NEW A/C * NEW UV LIGHT IN A/C *SMART THERMOSTAT * LAMINATE FLOORING * BONUS MEDIA ROOM *GARAGE OPENER *DISPOSAL * NEW SMART DISHWASHER * RING DOORBELL Throw away your lawn mower and take advantage of the amenities River Club has to offer( heated community pool, playground, fitness center, irrigation, lawn care and cable). Minutes from shopping, dining, fishing, boat ramps and much more!!! THE SELLER IS CURRENTLY UNDERTAKING A LOMAR FLOOD STUDY TO RECLASSIFY THE HOME TO FLOOD ZONE X, WHICH WILL ELIMINATE THE REQUIREMENT FOR FLOOD INSURANCE.
You may be able to put down less than the total down payment amount of $118,516 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: #c7493836