Newly remodeled primary bathroom and walk-in closet highlight this beautifully updated 3 bedroom, 2 bath home in the all-ages gated community of Island Club in Estero. Thoughtfully designed to maximize every square foot, the efficient floor plan creates a comfortable and functional living space that feels warm, inviting, and easy to maintain. The kitchen is a standout feature with quartz countertops, a custom butcher block accent, and newer stainless steel appliances, perfect for everyday living or entertaining guests. Recent improvements provide excellent peace of mind and include a 2018 roof, 2019 air conditioning system, impact-rated windows, hurricane shutters, updated PEX plumbing, newer water heater, and a whole-home water filtration system. The split bedroom floor plan offers great privacy, with two guest bedrooms ideal for visiting family, a home office, or flex space, including one with a walk-in closet, plus a convenient hall bath for guests. The primary suite features the newly remodeled en-suite bathroom with accessible walk-in shower and a spacious walk-in closet. Outside, the screened lanai offers a comfortable retreat from the elements and mosquitoes, perfect for enjoying Florida’s outdoor lifestyle. Additional 11 feet behind the property available for purchase, offering potential to expand the outdoor living area similar to other homes in the community. Additional highlights include a two-car garage with laundry, low-maintenance landscaping, and a 4-seat golf cart included with newer batteries. Ideally located west of I-75 between Naples and Fort Myers, you are just minutes from Gulf beaches, RSW Airport, FGCU, Miromar Outlets, Coconut Point, and the shopping, dining, and entertainment Southwest Florida is known for. Island Club is a gated community of approximately 250 single-family homes centered around a scenic 23-acre lake, with affordable HOA fees of only $790 per quarter including water, sewer, lawn maintenance, and cable. Residents enjoy a lakefront clubhouse, community pool, spa, fitness room, tennis, pickleball, and shuffleboard, with tennis and pickleball courts recently refinished. Whether you are looking for a seasonal retreat, first home, or full-time Florida residence, this home offers the perfect combination of comfort, convenience, and modern updates. Seller welcomes offers and is ready to work with the right buyer.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
