Welcome to 1954 Fresno Ave, a true gem nestled in the heart of Naples, FL! This beautifully designed home offers the perfect blend of comfort, style, and functionality, making it an exceptional place to live or invest. Step inside and be greeted by a bright, open-concept living space where natural light pours in through oversized windows and the stunning zero-corner pocket sliding doors, seamlessly blending indoor and outdoor living. The home’s eastern exposure fills the space with beautiful morning light, creating a warm and inviting atmosphere throughout the day. The modern kitchen is a chef’s dream, featuring sleek countertops, soft-close cabinetry, and premium Whirlpool appliances, including a highly desirable gas range—perfect for hosting dinner parties or enjoying casual breakfasts with loved ones.The spacious primary suite is your private retreat, complete with a walk-in closet and an en-suite bathroom designed for relaxation. Additional bedrooms are generously sized, offering flexibility for family, guests, or even a home office. Practical upgrades enhance everyday living, including a tankless water heater for energy efficiency, plus a two-car garage finished with durable epoxy flooring, offering both style and easy maintenance. Step outside to your own slice of paradise. The backyard is perfect for barbecues, morning coffee, or simply unwinding after a long day. Enjoy peaceful views with a partial water view, adding to the tranquil Florida lifestyle. Located in a sought-after neighborhood and built on the popular Mystique floor plan, this home offers convenient access to top-rated schools, shopping, dining, and right next to the Terreno amenities. Whether you're strolling through nearby parks or enjoying the vibrant local scene, you’ll love the lifestyle this home affords.
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.
