3.99% assumable mortgage available - allowing qualified buyers to take over the seller’s low interest rate with as little as ~6% down. This is a rare opportunity to secure below-market financing, significantly reduce your monthly payment, and increase your buying power. Welcome to 11509 Grey Egret Circle, a beautifully upgraded home set on a premium water view lot in one of Fort Myers’ most desirable gated communities. Inside, you’ll find rich hardwood floors, tray ceilings, crown molding, and custom plantation shutters that add warmth and sophistication throughout. The open-concept layout creates a seamless flow between the living, dining, and kitchen areas, making the home ideal for both everyday living and entertaining. The kitchen is equipped with a brand-new refrigerator (2025) and connects effortlessly to the main living space. Additional recent upgrades include a new washer and dryer (2025) and water heater (2022), offering peace of mind for years to come. Step outside to your private oasis featuring a screened-in lanai with a 20x20 mesh screen enclosure (2023), overlooking tranquil water views. The heated pool is perfect for year-round enjoyment, and the pool pump and filter were replaced in 2025 for optimal performance and minimal maintenance. Located in a natural gas community, this home also features a durable tile roof and a whole house generator, adding both efficiency and reliability. Even more value: NO CITY TAXES, LOW HOA FEES, AND NO CDD - making this an incredibly attractive long-term investment. Conveniently situated just minutes from shopping, dining, major highways, and Southwest Florida International Airport (RSW), this home offers the perfect blend of lifestyle, location, and long-term value. Opportunities like this - combining premium upgrades, water views, below-market financing, and exceptional cost savings - are rare. Schedule your private showing today.
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.
