Welcome home to your 4 BEDROOM, 3 BATH, 3 CAR GARAGE STUNNING HOME WITH GOLF MEMBERSHIP and NO FLOOD ZONE!!!!!! Your new home is located in the desirable resort style community of Heritage Landing Golf and Country Club, and it will check all your boxes! This 2021-built light and airy home offers an open and split floor plan. Enter through the grand foyer and continue into the Great Room, which boasts a tray ceiling, wood-look tile flooring, and sliding glass doors to the lanai. The open concept floor plan allows the Great Room to flow seamlessly into the impressive kitchen and dining room. The spacious kitchen features, granite counters, white wood cabinetry, stainless steel appliances, tile backsplash, built-in oven and microwave, dishwasher, kitchen dining area, large island with breakfast bar seating, and tons of storage space! The primary bedroom suite is adorned with a tray ceiling, 2 walk-in closets, and a private en-suite bathroom with dual sinks, a large tiled walk-in shower, white wood cabinets, and granite counters. Bedroom two has an en-suite bathroom, while the third and fourth bedrooms share a bathroom with dual sinks. The inside laundry room offers a washer, dryer, and cabinets for storage. Your living space extends through sliding glass doors to the newly screened-in lanai with a covered area, a built-in outdoor kitchen with a stainless-steel grill, and a ventilation hood. Other features include a paver walkway and driveway, wood-look tile flooring throughout the main living area, custom light fixtures and ceiling fans, tropical landscaping, rain gutters, high ceilings, crown molding, and impact glass (all windows and sliders) and electric hurricane shutter for lanai. Heritage Landing Golf and Country Club is a premier gated community offering resort-style living with a 24-hour guard at the gate, an 18-hole Gordon Lewis golf course, 3 community pools with one large pool with a spa, 2 bocce courts, 6 tennis courts, 6 pickleball courts, driving range, chipping and putting green, clubhouse with casual and fine dining, indoor and outdoor bars, a 24/7 fitness center, an aerobics room, a full-service spa/salon, and two saunas. The pool cafe offers pool side service, and the main pool has a bar. All amenities are included in your HOA fees. This unit is perfect for year-round residents, winter residents, or a rental investment. Your home is just minutes from quaint downtown Punta Gorda with locally owned restaurants, shopping, Charlotte Habor for fishing and boating, 18 miles of bike and pedestrian trails, numerous golf courses, the PicklePlex and the well-known Fishermans Village. It's home to many events, including a Saturday and Sunday Farmer's Market, boat tours, wine walks, and art fairs. Punta Gorda airport is just minutes away and Sunseekers resort is just over the bridge. Come and start living the Florida life of fun and sun!
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.
