Stunning Lakefront Townhome in The Colonnade at The Forum! Discover the perfect blend of modern updates and Florida lifestyle in this beautifully maintained 3-bedroom, 2 1/2-bathroom townhome nestled in the highly sought-after gated community of The Colonnade at The Forum in Fort Myers. Step inside and be welcomed by a bright, open-concept living and dining area featuring vinyl plank flooring, a bold designer accent wall, and a dramatic black staircase that makes a lasting first impression. The spacious living room flows seamlessly to the dining area ideal for entertaining while a convenient half bath and powder room round out the main level. The kitchen offers ample cabinetry, full appliances including a Whirlpool refrigerator, electric range, built-in microwave, and stainless steel dishwasher all overlooking the main living space. Upstairs, retreat to the generous primary suite complete with an en-suite bath featuring dual sinks, a separate walk-in glass shower, a private water closet, and an expansive walk-in closet. Two additional bedrooms share a full bath, and the versatile loft space is perfect as a home office, playroom, or flex room. Step out back and enjoy breathtaking serene lake views from your screened lanai a true slice of paradise to start your mornings or unwind in the evenings. Key highlights: - Brand new roof — major investment already done for you - Seller offering a home warranty for added peace of mind - Beautiful lake views from the backyard - Located in a gated community with resort-style amenities: pool, fitness center, tennis courts, and playground. - Prime location off Colonial Blvd, just east of I-75 — minutes to shopping, dining, and everything Fort Myers has to offer This home checks every box. don't miss your chance to own in one of Fort Myers' 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.
