Need extra storage, a huge home shop, or place to grow, grow your business or park your toys? This home is located on a quiet dead-end street on Lehigh’s desirable west side, right on the edge of Buckingham. This beautifully updated 3 bedroom, 2 bath home offers 1,408 sq ft of light, open living on a rare, fully fenced half-acre double lot, each side fenced separately for flexibility and privacy. Inside, you’ll find an inviting open-concept layout with light coastal plank tile throughout the main living areas and a fully remodeled kitchen featuring brand new cabinetry, quartz countertops, updated trim, and a large island overlooking the dining and living spaces. The split floor plan places the owner’s suite on one side of the home and the guest bedrooms on the other for added comfort. The owner’s suite has a fully remodeled bathroom, complete with an anti-fog LED vanity mirror, walk-in marbled tiled shower with seamless glass doors tiled to the ceiling. Brand new waterproof vinyl flooring with cork padding was just laid through the owners suite and bathroom. The accent vinyl plank wall in the bedroom adds a stylish custom touch. The interior isn't the only part about this home to be admired. Stepping outside to the screened lanai the stoned pathway to the 12x24 above-ground pool, set against a backdrop of mature Eureka palms and sides of the property lined with Clusia ( Calusa ) Privacy hedges for a lush, tropical feel. The crown jewel of this property is the brand new 24x40 steel building set on a reinforced 4,000 psi, 6" fiber mesh concrete slab and featuring two 10x12 roll-up bay doors — perfect for a serious workshop, RV/boat or car storage, ATVs and toys, or even a home-based business; the possibilities are truly endless with this amount of secure, covered space. Additional peace of mind comes from an A/C system that’s just over a year old and a washer and dryer of similar age, making this home move-in ready with major updates already done for you.
2912 52nd St W, Lehigh Acres, FL 33971
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.
