2209 Cypress St Punta Gorda, FL 33950
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About this home
One or more photo(s) has been virtually staged. Welcome to your dream home with this LAKEFRONT 3 Bedroom, 2 Bathroom, 2 Car Garage home situated on an OVERSIZED LOT in Punta Gorda. NO HOA FEES!! CLICK ON THE VIRTUAL TOUR LINK 1 FOR THE VIDEO AND VIRTUAL LINK 2 FOR THE 3D TOUR. This newly renovated property blends modern elegance with comfortable living, offering stunning water views and spacious indoor–outdoor entertaining areas. The gourmet eat-in kitchen is a chef’s delight, featuring all stainless steel appliances—including a built-in oven, cooktop, and wine fridge—stone countertops, a breakfast bar, and a stainless steel farmhouse sink. With a closet pantry and an abundance of cabinet storage, this kitchen combines style and functionality perfectly. Off the kitchen, the large living room invites relaxation and gatherings, with two sliding doors leading to the backyard where you’ll enjoy beautiful lake views—perfect for entertaining or quiet evenings at home. The primary suite is a true retreat, complete with dual built-in closets and a private ensuite bathroom featuring a dual-sink vanity and a walk-in shower. The guest bedrooms also offer built-in closets and share a spacious bathroom with a dual-sink vanity, a jetted soaking tub, and a walk-in shower. Step outside to your expansive backyard oasis, featuring two patios ideal for entertaining, a storage shed, and direct access to the lake—perfect for freshwater fishing or kayaking. Enjoy all the amenities that Punta Gorda has to offer, such as biking, fishing, boating, dining, live entertainment, and much more! Close to Fisherman's Village, Ponce De Leon Park, Gilcrest Park, and Historical Downtown Punta Gorda. Also, minutes to award-winning beaches such as Englewood Beach, Manasota Key & Stump Pass, to name a few!! Schedule your private tour today!
Source: STELLAR #C7516648
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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.