Unbeatable value meets significant financial incentives in the gated community of Reflection Lakes! This home is officially the lowest price per square foot in the neighborhood, offering a rare opportunity for a buyer looking to build instant equity. Enjoy ultra-low carrying costs with no CDD fees and a very low HOA fee of just $371 per month. To help you make this home your own, the seller is offering a $5,000 credit to the buyer at closing. This single-level home features 3 spacious bedrooms, 2 bathrooms, and a bright, open-concept layout. High-ticket updates have already been handled, including a brand-new AC system (Sept 2025) and fresh paint throughout the entire interior. The attention to detail extends to the two-car garage, which has also been freshly painted from the ceiling to the floor. The heart of the home is a kitchen with granite countertops and breakfast seating that flows into the living area. Step out to your screened lanai and experience true serenity. The backyard overlooks a protected preserve, guaranteeing lush, green views that are legally protected and will never change—providing total privacy with no back-to-back neighbors, ever. The master suite offers two large walk-in closets and an en-suite bathroom with dual vanities, a separate shower, and a soaking tub. While the home is move-in ready with new paint and cooling, it is priced to reflect its original windows, allowing the new owner to update to their taste over time. Reflection Lakes offers resort-style amenities including a clubhouse, fitness center, and heated pool. You are perfectly positioned just minutes from the best of Naples and Marco Island, including the Naples White Sand Beaches, 5th Avenue South dining, Naples Botanical Garden, and the Pickleball Center at East Naples Community Park. Nearby adventures await at Delnor-Wiggins Pass State Park, the Naples Zoo, the Everglades, golf courses abound-the list goes on. With new mechanicals, a $5,000 credit, and the lowest price in the community, this is the best value!
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.
