This MUST-SEE 2-bedroom, 2-bath home truly sets itself apart, offering a level of upgrades, efficiency, and modern design rarely seen in comparable homes. Extensively updated, storm-ready, and smart-enabled, this corner-lot home features a metal roof, impact windows, and a designer kitchen. Thoughtfully improved from top to bottom, the property delivers long-term value, durability, and peace of mind while seamlessly blending modern style, technology, and functionality. Inside, the home showcases new luxury vinyl plank flooring throughout, fresh high-quality interior paint, updated trim and baseboards, new interior doors and hardware, modern bi-fold closet doors, and custom closet inserts. The kitchen is a true focal point, featuring quartz countertops, a 10+-foot waterfall peninsula with deep seating, a matching quartz lanai pass-through, stainless steel Samsung appliances, and a flush ceiling-mount Victory hood vent—a sleek, high-end feature that enhances both design and ventilation. The open-concept kitchen overlooks the living room, creating a natural flow ideal for everyday living and entertaining. Hi-hat ceiling lighting, new ceiling fans, and Lutron Caseta smart dimmable switches enhance comfort and ambiance throughout the home. The primary suite includes a private en suite bath, while the split-bedroom floor plan offers added privacy for family or guests. Both bathrooms have been fully remodeled and feature anti-fog LED smart mirrors and Bluetooth-connected exhaust fans. The laundry area is equipped with a Samsung washer and dryer with pedestals. Major system upgrades include new A/C ductwork, a 2022 water heater, hurricane impact windows, an impact-rated double front entry door with a Schlage smart lock, and an impact garage door with a Chamberlain smart motor. A key differentiator is the metal roof, which adds meaningful long-term value—particularly for buyers seeking durability, storm readiness, and lower-maintenance ownership. Combined with impact-rated windows and doors and integrated smart technology, this home offers a level of efficiency, protection, and convenience. Outdoor living is equally well-appointed with a newly tiled screened lanai featuring two ceiling fans, a fully fenced backyard with ample space for kiddos, pets, and recreational toys, plus a storage shed. Smart security features include a Ring video doorbell and Ring floodlight cameras. Fresh exterior paint, updated front landscaping with modern rain chains, and contemporary exterior lighting complete the exterior. Conveniently located near restaurants, shopping, and everyday conveniences, this home is just minutes from downtown Punta Gorda, waterfront parks, dining, and community events—offering modern comfort and an exceptional Southwest Florida lifestyle. Be sure to check out the unbranded virtual tour link.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
