**Charming Single Family Home in Willow Lake South, Lehigh Acres** Discover your dream home nestled in the tranquil community of Willow Lake South in Lehigh Acres. This delightful single-family residence boasts three spacious bedrooms and two well-appointed bathrooms, making it the perfect retreat for families or anyone seeking comfort and convenience. Set on an expansive .3-acre lot at the end of a peaceful cul-de-sac, this property offers a serene environment with minimal traffic. The fenced backyard provides both privacy and security, featuring a handy shed for additional storage. Enjoy outdoor living to the fullest with a covered and screened rear lanai, ideal for relaxing evenings or entertaining friends and family. Safety and comfort are paramount, which is why this home is equipped with roll-down storm shutters on all windows and doors, and is NOT in a flood zone, ensuring peace of mind during storm season. The garage door has been upgraded to hurricane strength with required beams and it is insulated. The whole house has new blown in insulation including over the garage. The covered and screened entryway invites you into a bright and welcoming space. Step inside to find new vinyl and tile flooring throughout, giving the home a modern and fresh feel. The kitchen is a standout feature, showcasing newer cabinets complemented by stunning Level 3 granite countertops, perfect for culinary enthusiasts. The home is equipped with a newer water heater and a state-of-the-art A/C system, installed in 2022, ensuring year-round comfort. The convenience of a washer and dryer, located in the garage along with a laundry tub, adds to the practicality of this home. Located in a quiet, neighborhood with wide, curbed streets, this property is just a short walk to local schools, making it an ideal choice for families. Additionally, you’ll find shopping and entertainment options just minutes away, ensuring that all your needs are easily met. For those who travel frequently, the proximity to Fort Myers Southwest Florida International Airport is an added feature. This charming home in Willow Lake South is not just a place to live; it’s a lifestyle choice. Don't miss the opportunity to make this beautiful property your own. Schedule a showing today and experience all that this wonderful home has to offer!
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.
