Discover an exceptional dual-unit investment sanctuary where sophisticated living meets lucrative opportunity in the heart of Lehigh Acres. This meticulously maintained multi-family residence presents six thoughtfully appointed bedrooms and four pristine bathrooms across 1,168 square feet of intelligently designed living space, creating an ideal canvas for the discerning investor seeking premium rental income potential. The property showcases a remarkable transformation through comprehensive renovations completed in 2018 and refreshed again in 2024, ensuring every detail reflects contemporary standards while maintaining timeless appeal. The crown jewel of recent improvements includes a brand-new water system installed just one year ago, complemented by a pristine roof installed in 2022, providing peace of mind and substantial value for years to come. The second unit benefits from a newly installed air conditioning system, guaranteeing year-round comfort for fortunate tenants. This thoughtfully configured investment boasts dual living arrangements that maximize rental opportunities while offering flexibility for various tenant configurations. Each space has been carefully curated to provide comfortable, modern living that appeals to today's quality-conscious renters, positioning this property as a standout option in the competitive rental market. The location proves equally compelling, with Gateway High School positioned conveniently nearby for families prioritizing education excellence. Daily conveniences flourish with multiple grocery options including Keyfood Supermarket and the expansive Publix Super Market at Crossroads Shopping Center, ensuring tenants enjoy effortless access to essential amenities. Recreation enthusiasts will appreciate the proximity to Gateway Dog Park, perfect for outdoor activities and community engagement. This turnkey investment opportunity combines recent infrastructure improvements with strategic location advantages, creating a compelling proposition for investors seeking immediate rental income with long-term appreciation potential in Florida's dynamic real estate market.
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.
