Welcome to your dream home in the highly sought-after Portico community of Fort Myers! This beautifully maintained Princeton model, 4-bedroom, 2-bath residence offers the perfect blend of luxury, comfort, and modern convenience. From the moment you arrive, you'll appreciate the attractive curb appeal featuring a paver driveway, paver walkways, screened front entry, and spacious 3-car garage. Inside, the thoughtfully designed open-concept floor plan showcases tile flooring throughout, soaring ceilings, elegant archways, a formal dining room, and a cozy breakfast nook. The heart of the home is the well-appointed kitchen, complete with granite countertops, stainless steel appliances, abundant cabinetry, and a large breakfast bar, all overlooking the expansive living area—perfect for entertaining family and friends. Smart home technology allows convenient control of lighting and ceiling fans throughout the home. Step outside and discover your own private resort-style retreat. The heated pool and spa are enclosed within a screened lanai and fully automated, allowing you to control temperature, lighting, and features directly from your smartphone. Custom Norman Smart Drapes on the sliding glass doors add both style and functionality. The spacious primary suite provides a relaxing escape with dual vanities, a large walk-in shower, and generous closet space. Additional features include a Ring security system for added peace of mind. One of the many benefits of living in Portico is the low-maintenance lifestyle. HOA fees include lawn care and irrigation, allowing you more time to enjoy the community's exceptional amenities and active social calendar. Residents regularly gather for car shows, golf cart parades, craft clubs, fitness classes, No-Cook Mondays, and numerous community events throughout the year. As an added bonus, the sellers are including with an accepted offer a 36-volt, 6-passenger EZ-GO TXT golf cart featuring brand-new batteries and a new fast charger—the perfect way to enjoy everything Portico has to offer. Don't miss this rare opportunity to own a move-in-ready home with premium upgrades, a private pool and spa, and an unbeatable community lifestyle in one of Fort Myers' most desirable neighborhoods. NO FLOOD INSURANCE REQUIRED!
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.
