Welcome to 11830 Timbermarsh Court – Your Gateway to Luxury Living in Fort Myers, FL! Discover this stunning 5-bedroom, 3.5-bath home in the exclusive Timberwood Preserve at Gateway. Offering +/- 3,038 sq. ft. of living space, this residence is designed for both comfort and elegance, with upgrades throughout and a layout perfect for families and entertainers alike. Situated on a quiet cul-de-sac lot, this home includes a driveway with pavers, two-car epoxy garage, and thoughtful upgrades including tile roof, modern flooring and designer lighting.This lovely home has a preserve view, making it the ultimate lounging area while you bask on the travertine lanai complete with 2022 heated saltwater pool featuring a sun shelf with LED bubblers, custom outdoor entertaining area complete with sink and mini refrigerator. The chef’s kitchen features white wood cabinetry, granite countertops, stainless steel appliances, a spacious island, and a walk-in pantry with custom wood shelving. With plenty of windows and natural light, you will keep cool with dual A/C system equipped with U/V light purification system. It doesn't stop, there is an upgraded reverse osmosis water system and Honeywell wifi thermostats. A first-floor primary suite ensures convenience and privacy. You'll love the large walk-in shower, separate soaking tub and dual sink vanities. If you're in need of flexible office/den, we have that, too. Excellent use of space for work or guests accented with french doors. You won't to miss the first floor upgraded 1/2 bath accented with stylish wallpaper and Wainscoting. Upstairs, you’ll find a loft/bonus area, three additional bedrooms, and two full baths—plenty of room for everyone! Enjoy all that the Gateway community has to offer: parks, golf, bike trails, jogging trails, basketball courts, volleyball courts, the Jet's Blue Park sports facility, restaurants, Gateway Community pool, and more—plus easy access to shopping, top schools, I-75, and Southwest Florida International Airport. Don’t miss the opportunity to own in this intimate Timberwood Preserve community of just 43 homes. Make 11830 Timber Marsh Court your new address in paradise!
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.
