PUNTA GORDA, FL - Welcome to effortless Florida living in the highly desirable Waterford Estates community of Punta Gorda. This beautifully maintained 3-bedroom, 2-bath home features the popular Eastham floor plan, thoughtfully designed for both comfort and everyday functionality. Positioned on a deep homesite, this property offers a large kitchen with a nice breakfast nook area overlooking the front of the home —creating the perfect setting for morning coffee or relaxed, everyday dining. The spacious front kitchen is truly the heart of the home, featuring generous cabinetry, ample prep space, quartz countertops, and stainless-steel appliances, all complemented by a bright, open feel. Pride of ownership is evident throughout, with tasteful landscaping enhancing the home’s curb appeal and a list of valuable upgrades already in place. Enjoy peace of mind with a brand-new roof (2025), plus added conveniences including screened-in front entry, screened-in back covered lanai, gutters, hurricane shutters, a water softener system, and a reverse osmosis system in the kitchen for high-quality drinking water. The primary suite is complete with upgraded shower doors in the master bath, adding a polished touch to the space. This home also comes with a 1 year warranty on the AC System and all appliances. Beyond the home itself, a rare financial opportunity awaits—this property offers a 2.625% VA ASSUMABLE MORTGAGE FOR A QUALIFIED BUYER, a standout advantage in today’s market. Located within Waterford Estates, residents enjoy a gated community with resort-style amenities, including a clubhouse complete with kitchen, all purpose room, card room and Billard room, two resort style pools, fitness center, pickleball courts, bocce ball courts, walking path, and more. One of the standout lifestyle perks of this home is its location within a golf cart-friendly community—with access to streets that allow street-ready golf carts—making it easy and fun to cruise through the neighborhood or take a short ride toward nearby shopping, dining, and downtown Punta Gorda. This is more than just a home—it’s a smart move, a peaceful setting, and a lifestyle you’ll love!
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.
