Are you looking for your next real estate adventure? Do you dream of a large, open floor plan for entertaining? A location that offers peace and tranquility, but is close to all the action? You just found your dream home. Welcome to 12757 Aston Oaks, located in Danforth Lakes, a well-appointed community surrounded by preserves and nature, and just minutes from the Daniels Corridor in Fort Myers. This 4 Bed/ 3 Bath has the wow factor you are looking for in your next home. Wow factors include: a 750 sq ft 3 car garage with Pebble Tech coated floor, Solotube skylights in laundry and kitchen to provide additional natural light, under cabinet lighting for the perfect ambiance, free standing generator wired to control panel, oversized lanai and patio area with lush landscaping, new water heater in 2022, new roof in 2019, new washer in 2023, and so much more. Additional benefits when owning this home: it shares the power grid with Gulf Coast Hospital, so minimal power outages can be expected. We are not in a flood zone, so flood insurance is not required for financing. A private well for irrigation means you can water during the dry months with peace of mind, and utility costs will still be low. The property also offers a 3 assumable loan for qualified veteran buyers. Ask for additional details. Danforth Lakes provides a very affordable environment while not sacrificing amenities. A community pool and hot tub, fitness center, tennis courts, playground, community gathering area, social activities, and more are all included in the low HOA dues. Perfectly situated close to I-75, an abundance of outdoor dining and shopping options, 2 MLB spring training facilities, SWFL International Airport, area hospitals including the Gulf Coast Level II Trauma Center, and all the entertainment SWFL has to offer. Does this sound like your next home? Schedule your private showing today. You will not be disappointed.
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.
