5246 Swaying Palm Dr, Punta Gorda, FL 33982
3 beds · 3 baths · 1,440 sqft
Discover the charm of this expansive one-acre agricultural property, beautifully lined with mature trees that provide shade and a sense of character in a serene community quietly nestled off Bermont Road. This land comes with a 3-bedroom double-wide manufactured home, ideal for a comfortable rural lifestyle. The home features a spacious kitchen, a cozy family room with a fireplace, and a mounted TV. The master bedroom is a retreat, complete with his and her bathrooms and an adjoining walk-in closet. Her bathroom includes a large soaking tub, vanity, and private lavatory, while his boasts a walk-in shower, vanity, and lavatory. This property is well-equipped with a well, septic system, electricity, and access to Xfinity internet and cable. Outside, you'll find two storage sheds and two small animal pens, perfect for agricultural activities. A picturesque 12-foot-deep pond at the back of the property offers opportunities for fishing, swimming, and more. Ideal for those seeking space for pets, farm equipment, and privacy, this property is part of the Charlotte Highlands Community, which offers paved roads, mailboxes at the end of each driveway, no through streets, and publicly maintained roadways. It's conveniently located just 3 miles from grocery stores and shopping plazas, and only 5 miles from I-75. This prime location provides easy access to major amenities such as beaches, boating, Charlotte Sports Park, fishing, Fisherman’s Village, fine dining, golfing, shopping, downtown historic Punta Gorda, Babcock Ranch, Sunseekers Resort, and more. Live the Southwest Florida dream with a short, relaxing boat ride to the Gulf of Mexico and Charlotte Harbor via extensive canal systems, the Peace River, and the Myakka River. Enjoy the benefits of a small-town feel with rapid growth potential. This is one of the best-kept secrets where you can still buy spacious land close to the water! With no HOA, deed restrictions, or lot rent, this home is NOT in a flood zone. Qualified buyers may have the opportunity to assume the current FHA loan at 4.625 %.
Source: STELLAR #c7494681
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7494681
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: #c7494681
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.