Welcome to 28286 S Twin Lakes Drive in beautiful Punta Gorda, Florida — a home that perfectly blends comfort, freedom, and opportunity. Whether you’re a first-time homebuyer, retiree, investor, or seasonal snowbird looking for your Florida getaway, this 2-bedroom, 2-bath home offers incredible value and convenience in one of Southwest Florida’s most desirable areas. Enjoy 894 square feet of inviting living space on a quiet, treed lot, this property has no HOA fees and no deed restrictions, giving you the flexibility to make it truly your own. Inside, the open-concept living and dining area provides a welcoming flow, while outside, the fenced backyard creates a peaceful retreat — ideal for enjoying morning coffee, entertaining friends, or unwinding beneath the Florida sky. The one-car garage and low-maintenance design make this home both practical and affordable, appealing to anyone seeking an easy-care Florida lifestyle. Located just off U.S. 41 and minutes from I-75, this Punta Gorda home offers quick access to downtown Punta Gorda (under 15 minutes) where you’ll find charming waterfront restaurants, boutique shopping, live entertainment, and a popular farmers market. Fort Myers is only 30 minutes away, and both Punta Gorda Airport (PGD) and Southwest Florida International Airport (RSW) are within easy reach — perfect for weekend travelers or welcoming seasonal guests. When you’re ready for the beach, world-renowned Gulf Coast destinations like Fort Myers Beach, Englewood Beach, and Boca Grande are only 45 to 60 minutes away, offering soft white sand, stunning sunsets, and endless relaxation. Everyday essentials are just minutes from your door, including grocery stores, local dining, medical centers, and major retailers, giving you the perfect balance of privacy and convenience. 28286 S Twin Lakes Drive is more than a property — it’s a lifestyle opportunity. Enjoy affordable homeownership in a thriving Florida market where you can live year-round, invest with confidence, or escape to your personal winter retreat. Experience the warmth, beauty, and laid-back charm of Punta Gorda living — where comfort meets coastal adventure.
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.
