25069 Bolivar Dr Punta Gorda, FL 33983
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About this home
Welcome to this 3-bedroom, 2-bathroom home located in the highly sought-after Deep Creek community! This beautifully updated residence offers modern comforts and an inviting atmosphere, perfect for both relaxation and entertaining. Upon entering, you’ll immediately notice the many upgrades throughout the home. The spacious living areas feature luxury vinyl flooring, adding both style and durability to the space. The brand-new roof provides peace of mind, while the impact windows provide added security and energy efficiency. Plus with the addition of solar panels, you’ll enjoy reduced energy costs and contribute to a more sustainable lifestyle. The heart of the home is the fully equipped kitchen, complete with upgraded appliances. The open floor plan seamlessly connects the kitchen to the dining and living areas, making this home ideal for hosting family and friends. The master suite is a private retreat, with ample space, a well-appointed en-suite bathroom, and generous closets. Two additional bedrooms are bright providing comfort and flexibility for your family or guests.
Source: STELLAR #C7506108
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.