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1200 Elaine Ave N, Lehigh Acres, FL 33971
3 beds · 3 baths · 2,348 sqft
Lovely 3 bedroom /2.5 bathroom home on dead end road, large .82 acre lot with canal * Not in a flood zone, no water intrusion from hurricanes * All new plumbing, 2023 roof, new duct work 2024 * Solar water heater * Plantation shutters * Newer kitchen cabinets, island and solid surface counter tops, all kitchen appliances remain, large pantry * Tile flooring throughout * Large main suite with 2 walk in closets, drop in jetted tub, walk in shower with tile & custom shelving, granite counter tops, newer white cabinets, 2 vanities & newer toilet * New vanity in hall bath & tile walk in shower * Large den & oversized living room * Mainly LED lighting * Deep driveway, 2 newer garage doors, irrigation covers entire yard, fenced backyard * Storage * Generac built in generator, surge protector, 500 gallon propane tank buried (can go 2 weeks with power on a full tank * Electric & manual hurricane shutters * Large detached garage, with electricity, can hold 2 cars, be a work shop or changed into a mother in-law suite * Newer reverse osmosis system for well * Quiet location, fish in canal * 5 ton AC unit * Re=painting exterior in next 2 weeks * So much more, a must see!!
Source: FORTMYERS #225047904
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FORTMYERS #225047904
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 620, 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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
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