Welcome to this beautifully maintained three-bedroom, two bath, three car garage home tucked quietly within the lovely neighborhood of Deep Creek. Thoughtful landscaping and a welcoming front entryway demonstrate the comfort and care of this beautifully maintained home. Inside, the bright open concept living, dining, and kitchen areas are filled with natural light and framed by high ceilings and upgraded laminate flooring. The owners have added a custom bar complete with a built in kegerator, creating a perfect space for entertainment. The living room also includes convenient floor outlets, ideal for electronic recliners or additional media components. The gourmet kitchen offers granite countertops, upgraded cabinet hardware, a flat-top stove, and a generous closet pantry for excellent storage. The island, equipped with a sink, dishwasher, and kitchen island, provides ample counter space and serves as a natural gathering point for family and friends. The primary suite is a peaceful retreat featuring tray ceilings, laminate flooring, a spacious walk-in closet, dual sinks, a walk-in shower, a linen closet, and a private water closet. Both guest bedrooms include upgraded carpeting for added comfort. Florida living is fully embraced in the expansive 454 square foot screened in patio, created by extending the original lanai to providing a true outdoor living and entertaining space. From here, you can enjoy serene views of the Deep Creek greenbelt, a signature feature of the community that provides privacy and a natural backdrop. This home has an impact rated front door, garage doors and hurricane shutters, offering peace of mind. The three-car garage enhances the home's functionality with custom storage solutions and a dedicated workbench, making it ideal for hobbies or additional organization. Deep Creek is known for its quiet streets, greenbelt system, and convenient access to everything Southwest Florida offers. This home sits approximately 2 miles from I 75, making travel north to Sarasota or south to Fort Myers exceptionally easy. Downtown Punta Gorda is about 9 miles away, offering waterfront parks, the Harborwalk, Fishermen's Village, weekly farmers markets, and a vibrant dining scene. Port Charlotte's shopping and dining district is roughly 5 miles away, including the Port Charlotte Town Center area. For beach lovers, Englewood Beach is approximately 27 miles from the home, while the pristine shores of Boca Grande are about 35 miles away. Punta Gorda Airport (PGD) is conveniently located just 10 miles away, providing easy access for seasonal visitors or quick getaways. Golfers will appreciate that Deep Creek Golf Club is only about 2.5 miles from the property, and multiple medical facilities in both Punta Gorda and Port Charlotte are within 6 to 12 miles.
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.
