SALTWATER POOL/SPA. GREAT LOCATION! In Beachwalk Isles community, discover a single-family home that spans 1,943 sq. ft. It features 3 bedrooms plus a den/nursey, along with a heated saltwater pool and spa. The floor plan includes a versatile front room that can serve as a bar/sitting area with a pool table for entertainment or as a formal dining and living space. The primary bedroom boasts a walk-in closet, an ensuite bathroom with a shower and linen closet, and French doors leading to the den/nursery with a closet. Two guest bedrooms and a full bath are situated separately from the primary bedroom. High ceilings enhance all living areas. The home features upgraded exterior lighting, perfect for evening relaxation, and a spacious screened-in lanai with a covered sitting area ideal for outdoor enjoyment. A two-car garage with epoxy coating, a paver driveway with additional parking spaces, plus an extra concrete pad for a small boat or jet ski, concealed behind a vinyl fence, add to the home's appeal. Fruit trees are a delightful bonus. Beachwalk Isles boasts incredibly low HOA fees at $305 per quarter with no rental restrictions, making this property an excellent investment for rentals or a family residence. The property has never experienced flooding and is situated on a quiet cul-de-sac street, offering a peaceful and safe retreat. Claim your piece of paradise in one of Southwest Florida's top vacation destinations. Just 5 miles from the unspoiled white sands of Ft. Myers Beach and less than 10 miles from the picturesque Sanibel Island, this location is a sanctuary for those seeking an authentic Floridian lifestyle. Beachwalk Isles is all about "Location," allowing you to conveniently stroll to nearby amenities like Publix, Pizza Hut, Ron Dao's, Restaurants, Coffee shop, Super Target, Walgreens, and CVS. Plus, conveniently located in South Ft. Myers, Just minutes from the Beautiful Beaches of Ft. Myers, Sanibel and Captiva. Spend the day at Edison and Ford Winter Estates. Plenty of dining & shopping. Around the corner is the Hospital, Library, & Lakes Park. Your Florida lifestyle awaits! DID NOT FLOOD DURING HURRICANE IAN, HELENE, MIILTON
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.
