Back on the market at no fault of the seller. Buyer withdrew for personal reasons. Home is available immediately and easy to show. Beautifully upgraded 2-bedroom plus den, 2 bath home with over 1,600 sq ft located in the desirable Windsong community of Fort Myers. The gourmet kitchen is a standout, featuring a natural gas stove, stone backsplash, blown glass pendant lighting, and a walk-in pantry with custom built-ins and an additional AC vent designed to prevent mold and mildew, keeping the pantry fresh and reducing spoilage. Just off the kitchen, the inviting open-concept dining/living room offers abundant natural light, coordinating accent walls with customized wall décor on one and the other highlighted by five dimmable spotlights, and a 65” smart TV with soundbar, the perfect blend of style and functionality. The large master suite includes plantation blinds, a custom barn door divider, dual closets, and a spa-inspired bath with marble counters, a walk-in shower, and upgraded fixtures. The guest bedroom/den offers plantation shutters, French door shades, a ceiling fan, and a mounted TV with a sound system. The laundry room features additional cabinetry, glass backsplash, stone counters, a premium washer, and a natural gas dryer. The garage includes an epoxy floor finish along with garage shelving and electrical wiring for a portable generator, plus retractable screens at both the garage and entryway. Outdoor living is highlighted by a spacious screened lanai with water view, upgraded fan, additional outlets, remote-control hurricane shutters, natural gas outlet for grilling, and dual sliding hurricane-rated glass doors that extend seamlessly from the living room. Additional features include a whole-house Kinetico water filtration system, updated landscaping, exterior storm shutters, a freestanding natural gas water heater, and recent roof inspection and repairs by the original contractor. Windsong residents enjoy a beautiful community pool, clubhouse, and dog park. This community is located in Flood Zone X, with an elevation over 18 feet, and has experienced no flooding during recent hurricanes. It offers low HOA fees that include cable and high-speed internet, and has no CDD. This home is truly one-of-a-kind in both design and detail — unlike anything else on the market — offering a rare opportunity to own a residence that is both beautifully finished and thoughtfully upgraded.
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.
