76 LONG MEADOW CT, Rotonda West, FL 33947
Seller is open to all reasonable offers! Current VA Loan at 4.25% is assumable to a new buyer (You do not have be a Veterran to assume this)! There is a transferable warranty with American Home Shield and yearly maintenance with Abbott Air. Welcome to your dream home in Rotonda West! This meticulously maintained 4-bedroom, 2-bathroom residence with an office boasts 2,225 square feet of luxurious living space, offering a perfect blend of comfort, style, and functionality. As you step inside, you'll immediately notice the elegant ceramic tile flooring that graces the main areas, while plank tile flooring adds warmth and sophistication to the bedrooms. Say goodbye to carpet maintenance! The heart of the home lies in the spacious great room seamlessly connected to the kitchen and dining room, creating an ideal space for gatherings and entertaining. The kitchen is a chef's delight, featuring granite countertops, stainless steel appliances, an island for additional prep space, and a cozy breakfast nook bathed in natural light. Retreat to the owner's suite, where luxury awaits with a private door leading to the lanai and pool area. The en-suite bathroom is a sanctuary with dual vanities, a walk-in shower, a separate soaking tub, and a generous walk-in closet. Guests will feel pampered in the tastefully appointed guest bathroom, which conveniently offers direct access to the pool and features a shower/tub combo. Additional highlights include inside laundry facilities with a washer and dryer included, hurricane shutters for peace of mind, and a fully fenced yard providing privacy and security. Outdoor living reaches new heights in the screened lanai area, complete with a sparkling pool installed in 2018, offering the perfect setting for relaxation and entertainment year-round. Plus, with no neighbors behind you, enjoy serene views of the lush greenbelt. Recent upgrades include a new roof in 2023, a replaced air handler in the AC system in 2021, and a new water heater in 2017, ensuring worry-free living for years to come. Situated in a prime location, this home offers easy access to world-class fishing spots, stunning Gulf beaches, renowned golf courses, and a plethora of recreational amenities at Rotonda Community Park. Don't miss the opportunity to make this move-in ready home yours! Schedule your showing today and start living the Florida lifestyle you've always dreamed of.
You may be able to put down less than the total down payment amount of $223,260 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: #a4606673
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.