12415 Catalina Dr Punta Gorda, FL 33955
Your savings
About this home
Short Sale. Short Sale Opportunity! BANK APPROVED PRICE! Welcome to this charming 3-bedroom, 2-bathroom split-plan home located in the desirable Tropical Gulf Acres community, just outside of Punta Gorda, Florida. This home, built in 2006, sits on an oversized corner lot and offers over 2,000 square feet of living space. Filled with natural sunlight, the home boasts an open floor plan that's perfect for entertaining. A welcoming front farmer's porch opens to the foyer into the spacious dining and living area, where you'll find tile flooring throughout. Soaring cathedral and volume ceilings enhance the bright and airy atmosphere. The living room flows into the expansive kitchen, which overlooks a generously sized family room. The kitchen features an abundance of cabinetry, drawers, and counter space, along with a center island, breakfast bar, and a convenient walk-in pantry. Double door entry off the living room opens to the primary suite with walk-in closet and a bath featuring relaxing soaking tub, walk-in shower and vanity with dual sinks. Guest bedrooms are a nices size one with walk-in closet and share a full bathroom. The laundry room is off the kitchen and has washer/dryer and additional storage. The home also includes a storage shed, fenced in area for your pets and sits on a spacious corner lot, surrounded by mature trees for added privacy and beauty. The roof was recently replaced in March 2021, providing peace of mind for years to come. Ideally located, this home is just a short drive from Punta Gorda and Ft. Myers, with easy access to airports (Punta Gorda or Ft. Myers), shopping, dining, and the charming historic downtown Punta Gorda. You'll also be close to parks, boat ramps, fishing spots, and golf courses. This property is being sold as-is, where-is, with the right to inspect. Bank approval of the contract is required. Don't miss out on this fantastic opportunity to own a beautiful home in a prime location. Schedule your showing today!
Source: STELLAR #C7502478
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.