Boater’s dream. Hidden-gem neighborhood. No island traffic. Welcome to 17740 Rebecca Ave, a rare opportunity to own a direct Gulf-access home on a wide canal in the highly desirable Tip Top Isles neighborhood of Fort Myers Beach. Offering quick, bridge-free access to the Gulf, this property is perfect for boating enthusiasts and those seeking the true Southwest Florida waterfront lifestyle. This 3-bedroom, 2-bath home has been updated and is move-in ready, featuring a new metal roof (2023), an updated kitchen with granite countertops, and tastefully renovated bathrooms. The main living areas are bright and welcoming, with a comfortable layout ideal for everyday living or entertaining. The lower level includes a newly built-out space that adds 584 square feet of air-conditioned usable area—ideal for a family room, home office, gym, or hobby space —offering flexibility rarely found in comparable homes. One of the home’s standout features is its location off the island, situated before crossing the bridge, allowing you to enjoy the Fort Myers Beach lifestyle without the congestion of beach traffic. Located in Unincorporated Lee County, the property benefits from no additional city taxes, while still being minutes from the beach, dining, and entertainment. There are no HOA fees and no rental restrictions, making this an excellent option for full-time residents, seasonal owners, or investors. Tip Top Isles is considered one of Fort Myers Beach’s best-kept secret neighborhoods, known for strong pride of ownership and a welcoming community atmosphere. Convenience and lifestyle come together here—you can walk to a nearby restaurant, take the trolley to the beach, or boat directly to waterfront dining. Shopping and everyday amenities are close by, and the spacious lot offers plenty of room to build your dream pool and create your own private outdoor retreat. Whether you’re looking for a primary residence, vacation home, or investment property, 17740 Rebecca Ave delivers boating access, location, flexibility, and value—all in one exceptional offering.
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.
