3510 Shawn St Punta Gorda, FL 33980
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About this home
One or more photo(s) has been virtually staged. Welcome to this 3-bedroom, 2-bath home nestled in the heart of Punta Gorda, FL! No HOA or CDD fees here—just freedom and flexibility! Plus, the two-car garage adds extra convenience for storage or parking. Featuring a desirable split floor plan, this home offers comfort and privacy for families, guests, or a home office setup. The kitchen is functional, seamlessly connected to a cozy dining area—perfect for everyday meals or entertaining. The roof was newly installed in 2024, water heater in 2024 and AC installed in 2019, giving you peace of mind on some of the biggest home expenses. Step out onto the screened lanai, ideal for summer barbecues or simply enjoying Florida’s year-round sunshine. The fully fenced backyard is expansive, offering room for your pets, play, and room to put in your dream pool! Conveniently located near shopping, dining, parks, hospitals, and historic downtown Punta Gorda, this home puts you close to everything while still enjoying a quiet, residential feel. It is also know for world class salt water fishing due to their diverse ecosystem and access to the Gulf of Mexico. Move-in ready with endless potential—just add a little personal touch to make it truly yours!
Source: STELLAR #A4651908
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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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.