42242 Lake Timber Dr Punta Gorda, FL 33982
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About this home
Beautiful 4-Bedroom Pool & Spa Home with Partial Lake View in Lake Timber, Babcock Ranch Welcome to this stunning WCI-built home located in the desirable Lake Timber neighborhood of Babcock Ranch. Featuring 4 bedrooms, 2 bathrooms, and an office with French doors, this home offers both functionality and style. Step inside and you’ll be greeted by custom woodwork with a convenient drop zone in the entryway and gorgeous feature wall. The open-concept living area flows seamlessly through the triple sliders leading to the screened lanai, where you can enjoy a sparkling pool and spa while taking in the partial lake views. The thoughtfully designed floor plan includes a guest room with a Murphy bed, perfect for visitors, and a custom-built master closet for added organization. Additional highlights include: Spacious kitchen with modern finishes Light-filled office with French doors Split bedroom layout for privacy Screened outdoor living space ideal for entertaining Located in the heart of America’s first solar-powered town, you’ll enjoy miles of trails, community pools, restaurants, and events—all just steps from your front door. Enjoy Friday and Saturday food trucks in Founders Square and up and coming B Street with shops, offices, dining and drinks all at your door step! EASY ACCESS TO HWY 31 FROM LAKE TIMBER. This home combines luxury, convenience, and sustainability in one of Southwest Florida’s most sought-after communities. Enjoy a better Life at Babcock Ranch! CALL TODAY TO. SEE IN PERSON.
Source: FORTMYERS #2025007626
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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.