Discover contemporary townhome living in Cordera, a gated community in Bonita Springs. Built in 2016, this two-story residence offers three bedrooms, two-and-one-half baths and approximately 1,826 square feet of thoughtfully designed living space with lake and fountain views. The open-concept floor plan connects the kitchen, dining and living areas, creating a comfortable setting for everyday living and entertaining. The kitchen features granite countertops, 42-inch cabinetry and new stainless steel appliances, complemented by tile flooring throughout the main living areas and newer carpeting in the bedrooms. Sliding glass doors open to a paved lanai with northern exposure overlooking the community lake, providing a peaceful outdoor space to relax. Upstairs, the spacious primary suite includes a walk-in closet and an updated en-suite bath with dual sinks. Additional features include a second-floor laundry room, new water heater and an attached two-car garage with electric car charger. Cordera is an intimate, gated community offering a clubhouse, fitness center, and a resort-style pool on the lake. Prime Bonita Springs location off Imperial Pkwy - minutes to Coconut Point Mall, Hertz Arena, I-75, RSW Airport, and pristine Gulf beaches. An ideal primary home, seasonal getaway, or investment property townhome presents an opportunity to enjoy lake views, community amenities and proximity to the shopping, dining and coastal recreation that define Southwest Florida living. The home's position offers a quiet and private setting with no buildings or homes directly in front, providing unobstructed views of the natural forest area and a peaceful surrounding atmosphere.
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.
