16104 Shoreline Dr Punta Gorda, FL 33982
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About this home
WELCOME TO PARADISE! THIS STARDOM ECHELON model elegantly blends luxury, comfort, and efficiency. From the moment you step into your new home, you’ll be greeted by decorative accents, a shiplap wall, and an elegant tray ceiling that creates an inviting living area perfect for both fine dining and casual gatherings. The spacious kitchen features upgraded appliances, an expansive quartz island, and a home bar with custom cabinetry, all enhanced by a stunning marble and mother of pearl back splash. This home prioritizes both elegance and efficiency, boasting a whole-house filtration system, smart technology, and upgraded lighting throughout. The Stardom floorplan includes a "flex" room that serves as a private bedroom/guestroom with a stylish tray ceiling and French doors, two cozy bedrooms tucked away in their own corner of the house sharing a full bath, and a grand master suite with a tray ceiling, porcelain tiled shower, dual-sink vanity, quartz countertops, exquisite wooden cabinets, and a spacious walk-in closet. Ceiling fans are located throughout the house. Pocket sliding doors in the great room lead to a covered lounging area, complete with a built-in kitchen, a custom heated pool featuring a sun shelf and fountain, and an extended lanai that overlooks a meticulously landscaped and spacious backyard with water views, perfect for entertaining and enjoying breathtaking sunsets. Additional amenities include a versatile and spacious utility room, a convenient mud room leading to the garage, and a walk-in pantry. The insulated and climate-controlled three-car garage features a golf simulator screen/projector, currently set up as a home theater. Out front, your welcoming porch provides a view of an ornate garden and the opportunity to enjoy sunrises that brighten your day. Residents of the gated community of Edgewater Shores enjoy a secure environment and exclusive amenities, along with all the benefits of living in Babcock Ranch. You are a golf cart ride away from hiking trails, community pools, the community school, and Founder’s Square, where you'll find the fitness center and enjoy the convenience of dining, shopping, and community events. This home masterfully balances luxury and peaceful living with convenient access to everything you need.
Source: FORTMYERS #225075898
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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.