4261 River Bank Way, Punta Gorda, FL 33980
4 beds · 3 baths · 1,982 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Under contract-accepting backup offers. X flood zone (no flood insurance required). This property has an assumable mortgage. This is a beautiful one owner, 4 bedroom, 2.5 bath home located in a desirable gated community featuring a community pool, fitness center & playground. Super strong Tilcor Stone Coated Steel Roof. A/C Unit. Water Heater, and Stainless Refrigerator - all less than a year old. A sliding 3 panel glass door leading to a screened in lanai and a large rear, 35 by 25 paver patio deck with tall hedges for privacy. Great for entertaining. Kitchen has all matching appliances, counter space, cabinet storage, pantry and granite countertops. Kitchen also has a convenient half bath and next to that is the laundry room with matching cabinets. The stairs to the second floor have an open feeling with high ceilings. The 2nd floor has the 3 guest rooms and a full guest bathroom. The master suite enjoys maximum privacy with double doors, his & hers walk-in closets, and the bath features a soaking tub & privatized water closet. This home also has a large 2 car garage with storage shelves. The garage paver driveway has been expanded to fit three cars. Convenient location that is close to I-75, minutes to the Peace River and all the shopping, dining and entertainment options of Punta Gorda or Port Charlotte. Anyone would be proud to call this property and the River Club Port Charlotte community with all of its amenities home! UPDATES - POOL/SPA INSTALLED 2019, WATER HEATER 2022, GARAGE DOOR 2022. The association fees include lawn care, irrigation, basic cable, & use of the recreation facility (gym playground and large heated pool). Lake and private road maintenance are also included.
Source: STELLAR #C7502763
Source: STELLAR #C7502763
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.