We welcome you to this beautifully updated and well maintained 3 bedroom and 2 bathroom, 2 Car-Garage single family POOL home in Golden Gate Estates with nearly 1,700 SqFt of living space, 1.59 cleared acres, 2 extra barn/storage sheds, a chicken coup and more... You will notice upon pulling into the property that you are far enough removed from the hustle & bustle of city life all the while being close enough to great dining and shopping options as well which is the best of both worlds! From the entryway, you are greeted into the living area with gorgeous views of the enclosed lanai, pool and expansive property beyond. Low maintenance is essential with luxury laminate flooring throughout the living and primary bedroom of the home. The kitchen is a true culinary delight with quartz counters, stainless steel appliances, beautifully updated cabinetry, backsplash, and easy access to the garage and enclosed lanai. Entertaining any event is a breeze with seamless flow from the kitchen/dining area, great room, and out to the lanai with the pool of your dreams. The primary bedroom enjoys tons of natural light, separate access to the enclosed lanai, vanity, walk-in shower, and dual walk-in closets. The 2 guest bedrooms also enjoy tons of natural light and plentiful closet space. Outside, the enclosed lanai features your pool with total privacy, a separate enclosed sitting area under air to enjoy in all weather, and an entirely fenced in backyard. Additionally, enjoy the barn/storage sheds , coups, and additional decking for even more entertaining options. Peace of mind is enhanced with a newer roof 2019, laundry in residence, and 2 car garage. The Northeast side of Golden Gate Estates enjoys a great A+ rated school system, quick access to Oil Well Rd, Immokalee Rd via Randall Blvd, and Golden Gate Pkwy East via Everglades Blvd. This property is less than 10 minutes to Publix, less than 15 minutes to Founders Square, and less than 30 minutes to the white sandy beaches of the Gulf!
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.
