Welcome to 20038 Serre Drive in the highly sought-after Bella Terra community in Estero, Florida. Ideally located on a low-traffic cul-de-sac near the front of the community, this move-in-ready attached villa is just steps from the resort-style amenities and main entrance gate, offering both convenience and an exceptional lifestyle. This spacious open-concept villa features 2 bedrooms, 2 bathrooms and has been thoughtfully updated and meticulously maintained throughout. A comfortable and inviting living room situated just beyond the entry foyer flows seamlessly into the heart of the home — a beautifully appointed kitchen featuring white shaker cabinetry, upgraded granite countertops, stainless steel appliances (approximately three years old), a stainless steel sink, and a spacious pantry. Adjacent to the kitchen is a spacious dining area that flows seamlessly into a convertible bonus area ideal for an additional living room or den. Sliding glass doors open to the screened lanai overlooking lush landscaping and partial lake views. This peaceful outdoor space is perfect for enjoying your morning coffee or relaxing at the end of the day. Privately located at the rear of the villa, the inviting primary suite features a walk-in closet, linen closet, dual vanities, and a walk-in shower. The guest bedroom and bathroom are located on the opposite side of the home, offering comfort and privacy for visitors. Additional features include an inside laundry room, spacious two-car garage, waterproof luxury vinyl plank flooring throughout the main living areas, ceramic tile in the primary bath, recently painted guest bedroom and bathroom, and a new 40-gallon water heater installed in 2023. Outside, enjoy an attractive paver driveway with additional parking and a long screened entryway leading to the front door. The exterior was freshly painted in March, and the HOA maintains the landscaping, roof, and exterior painting for low-maintenance living. Bella Terra spans 999 acres with over 400 acres of preserve and 100 acres of lakes. Residents enjoy a 24-hour fitness center, tennis, pickleball, bocce, basketball, volleyball, soccer field, playground, butterfly garden, inline skate rink, scenic walking trails, and more. A resort-style pool with spa and waterfall, along with an additional ancillary community pool, provides year-round enjoyment. The community also offers an active social calendar including food truck nights, bingo, poker, and water aerobics. Conveniently located near RSW International Airport with easy access to I-75, Bella Terra is close to FGCU, Miromar Outlets, Coconut Point, Gulf Coast Town Center, Hertz Arena, and some of Southwest Florida’s best dining and shopping. Whether you are searching for a full-time residence or seasonal retreat, this move-in-ready villa offers exceptional value, comfort, and lifestyle in one of Estero’s most desirable communities
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.
