Look no further! This FURNISHED dream property, in the heart of Estero, boasts 3 bedrooms and 2 baths situated on a peaceful culdesac with stunning lake views. The Florida Mediterranean exterior showcases arches, stone masonry accents, a wrought iron screened entry and a tile roof that invites you in. As you enter into the home, you pass through an upgraded decorative glass front door that leads to an open foyer with impressive ceilings and crown molding throughout. The beautifully finished kitchen, equipped with NEW appliances, has an open concept feel that looks out onto the formal dining room. The kitchen offers ample cabinets and counter space, giving the culinary enthusiast plenty of room for storage and cooking! The kitchen feels like a day out at the café with the built in booth, quartz countertops, decorative backsplash and great natural lighting. This house has the perfect sized living room with ample seating space and decorative beams to give the home an elevated look. The gathering room looks out onto the gorgeous lake view and large covered lanai. Stepping outside you will find an extended screened in patio with to enjoy all of the wildlife views while you soak up the fresh air in the included above ground spa! The owner’s suite shares these incredible views along with an impressive primary bathroom. The bathroom offers a garden tub and a glass enclosed tile shower with a double bowl vanity. The two secondary bedrooms offer flex space for family, guests, office needs and more. The garage has a newly epoxied floor, hanging ceiling racks, a second refrigerator, and a portable generator. If you are looking for a beautifully furnished home with newer Samsung appliances/TV's throughout, freshly painted, move in ready with plantation shutters, aesthetic improvements, gorgeous views and space for recreation -look no further! Do not miss your opportunity to own this gorgeous home in a prime location. Bella Terra is a one of a kind community located just a few miles east of I-75 in Estero, off of Corkscrew Road. Bella Terra has lower HOA costs compared to other communities nearby while providing landscape maintenance, cable, internet, 24-hr gate guard, and more. This community is the perfect blend between amenities and nature with breath taking views of the 100 acres of beautiful lakes and the surrounding 400 acres of conservation preserves. Bella Terra amenities include a 7,000 sq. ft. Club House, with a fitness center, a resort style pool with a spa and waterfall, pickleball, tennis, bocce, & basketball courts, multi-use ball fields, an inline skate park, beach volley ball, butterfly garden, and playground.
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.
