Charming Lennar Venice Model Home: Your Perfect First-Time Starter in Fort Myers Welcome to this delightful Lennar Venice model home, a true gem in the heart of Fort Myers' Portico community! Spanning 1,849 square feet of thoughtfully designed single-story living space, this 3-bedroom, 3-bathroom haven has been lovingly maintained by its original owners for the past 5 years. It's the ideal first home for a young couple, growing family, or savvy buyer looking for move-in-ready comfort without the hassle of new construction—offering that "like-new" feel at a welcoming price point. Step inside through the inviting front entry, and you're greeted by a spacious open-concept layout that seamlessly blends the great room, dining area, and gourmet kitchen. The heart of the home features sleek granite countertops, stainless-steel appliances, and a large island perfect for casual breakfasts or entertaining guests. Plush carpet flooring flows through the bedrooms and hallways, adding a cozy, soft-underfoot warmth that's especially family-friendly and easy to maintain. The split floorplan ensures privacy and flow: two guest bedrooms flank a full bathroom on one side, ideal for kids, office space, or overnight visitors. Tucked away in the rear corner for ultimate seclusion is the luxurious owner's suite—a serene retreat with a spa-inspired en-suite bathroom boasting dual sinks, a soaking tub, a walk-in shower, and a generous walk-in closet. It's your private oasis after a long day. Outside, the star of the show is the screened-in lanai, a covered extension of the great room that captures Florida's year-round outdoor lifestyle. Whether you're sipping morning coffee amid gentle breezes, hosting barbecues with friends, or simply unwinding with a book, this lanai provides shaded, bug-free enjoyment overlooking the peaceful backyard—perfect for low-maintenance living in a gated neighborhood like Portico. With a 2-car garage for all your storage needs, energy-efficient Lennar features like impact-resistant windows, and proximity to top-rated schools, shopping, and beaches, this home checks every box for first-time buyers. It's more than a house—it's a smart, stylish foundation for your next chapter. Schedule a showing today and make it yours! (Priced competitively in the mid-$400s, based on recent comps—contact for details.)
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.
