4244 Manatee Ln, Punta Gorda, FL 33980
4 beds · 2 baths · 1,872 sqft
Beautiful 4/2/2 1872sf 2020 built home is nestled in the lovely Gated Community of River Club. This home and neighborhood did well during this storm season. This home is in an X flood zone, NO FLOOD INSURANCE IS REQUIRED! This split floor plan, light, bright home has tasteful updates...the kitchen has a large single stainless sink, Faucet, glass backsplash that adds a splash of color, dining area has a modern light fixture, fresh interior paint, and a large fenced backyard. There is tile through the main living area and carpet in the bedrooms. There are ceiling fans in most of the rooms. The kitchen has white cabinets, quartz countertops, stainless appliances, and island with additional seating that faces the eating area and a walk-in pantry. Looking beyond the casual dining area you can see the outdoor living space with and under roof lanai and a large fenced backyard. The lawn and bushes are maintained by the HOA. You can be working in the kitchen and still be apart of the Great room activities. The spacious Master bedroom is in the back of the home, it has a walk-in closet. The bathroom has a double bowl vanity, walk-in shower, separate water closet, and a huge linen closet. The 2nd bedroom faces the front yard. It gets great morning sun. The guest bathroom and 3rd bedroom are also in the front of the home. The 4th bedroom is down the hall located near the inside laundry room and garage. This floor plan was well thought-out! The home has smart capabilities for the front door lock and thermostat. Most of the homes in River Club have participated in "Letter of Map Revision" (LOMR) to be removed from a flood zone that requires flood insurance because the higher elevation the homes have been built on. Flood insurance is not required in an X flood zone. Come see this little piece of paradise and fall in love!
Source: STELLAR #c7491620
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7491620
Source: Public records
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: #c7491620
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