73 PINE VALLEY LN, Rotonda West, FL 33947
Escape flood zone worries with this delightful 3-bedroom, 2-bathroom home in Rotonda West. Built in 2017 and well-maintained, it's ready for you to move in. You can even negotiate the furnishings and a John Deere mower to enhance the deal! Featuring a split floor plan, vaulted ceilings, and an inviting, airy atmosphere, this home welcomes you warmly. The dining area leads into a bright and open kitchen, perfect for your culinary adventures. With laminate and vinyl flooring throughout, the home is both allergy-friendly and stylish, with no carpet to worry about. Enjoy outdoor living with a screened covered patio and a luxurious heated R500 Swim Spa, enclosed for added privacy. This spa uses bromine instead of chlorine, making it ideal for exercise, relaxation, or cooling off on warm days. The 550 sq. ft. screened patio is surrounded by lush, mature landscaping, providing a peaceful retreat. This home has numerous updates, including a new roof (2023) with warranty, sleek matching front-load washer and dryer, refrigerator, new state of the art air fryer/convection oven/stove and dishwasher. Hurricane shutters offer peace of mind, while the freshly painted epoxy shield floor coating in the 2-car garage adds a touch of elegance. Rotonda West offers a variety of activities for everyone. Golf enthusiasts will enjoy numerous courses, and waterways like the Gulf of Mexico, Lemon Bay, Myakka River, and Charlotte Harbor are perfect for fishing and boating. Biking and hiking trails, such as the Cape Haze Pioneer Trail and Amberjack Preserve, are also nearby. Beach lovers will appreciate the proximity to Englewood Beach and Boca Grande Beach, where you can stroll along pristine sands, watch sunsets, and discover sea treasures. Look out for dolphins, manatees, and tropical birds, and enjoy various aquatic activities. Fresh seafood is available at local restaurants, and nearby shopping and medical facilities add convenience. Don’t miss your chance—schedule your appointment today to secure this gem before it's gone!
You may be able to put down less than the total down payment amount of $178,354 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: #c7494081
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.