7513 W Lenox Cir, Punta Gorda, FL 33950
2 beds · 2 baths · 1,510 sqft sqft
Welcome to your new oasis in the heart of Punta Gorda! This delightful maintenance free, move-in ready home was built in 2019 and offers 2 bedrooms, 2 full bathrooms along with a den/office/3rd bedroom. This beautiful home presents a rare chance to assume a VA mortgage with an ASSUMABLE AND UNBEATABLE 2.5% RATE. As you enter the home, you'll notice it features a well-designed and desirable open and split floor plan, with tile flooring in the main living areas and cozy carpeting in the bedrooms for ultimate comfort. The primary bedroom and en-suite with dual vanity sinks is a private haven, situated at the back of the home while the guest bedroom is located in the front of the home. A versatile den/office/ 3rd bedroom also provides the perfect space for work or leisure. The kitchen is equipped with newer appliances, ready to inspire your culinary adventures. A spacious 2-car garage provides ample room for parking and storage. Step outside to your private backyard space which is fully fenced in overlooking a tranquil preserve, providing a peaceful backdrop for your outdoor living. A doggy door leads to the lanai which also provides access for your furry friends. Rest assured knowing the exterior of the home is equipped with hurricane shutters. A variety of attractions and activities await nearby. Fishermen's Village offers waterfront dining, shopping, and entertainment, while the downtown area is home to art galleries, unique shops, and a range of restaurants. For outdoor recreation, Laishley Park provides scenic views and playgrounds, and nature enthusiasts can explore the Peace River Wildlife Center and Ponce de Leon Park. The picturesque Harborwalk along Charlotte Harbor is perfect for walking and cycling, and several golf courses close by cater to golf lovers. Charlotte Harbor Preserve State Park offers hiking and kayaking adventures for those seeking more exploration. The area features numerous dining options, many with al fresco seating, and hosts various cultural events and festivals throughout the year, ensuring there's always something engaging to experience. Begin to live the Endless Summer lifestyle in this charming home—your serene sanctuary awaits!
Source: STELLAR #a4625661
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4625661
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: #a4625661
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.