**Charming Single Family Home in Moody River Estates, North Fort Myers, FL** Brand new roof going on in two weeks! Discover your dream home in the highly sought-after Moody River Estates community, located in North Fort Myers. This beautifully maintained single-story residence, constructed in 2006, seamlessly blends comfort and style, offering 3 bedrooms plus a den and 2 full bathrooms—ideal for both relaxation and entertaining. Upon entering, you will be welcomed by an airy open floor plan that showcases impressive volume tray ceilings, stylish crown moldings and diagonal tile flooring throughout the main living areas. The heart of the home, the kitchen, is a culinary enthusiast’s paradise, featuring modern stainless steel appliances, stunning granite countertops, and a generous island that invites social gatherings. The 42" upper cabinets, adorned with crown molding and a tasteful backsplash, provide both functionality and aesthetic appeal. Retreat to the expansive owner's suite, a personal sanctuary designed for tranquility. With a walout door to the pool, this spacious area includes a luxurious built-in tub, a walk-in shower, dual sink vanity, and not one, but two walk-in closets for all your storage needs. Step outside to your private oasis, where a screened-in patio and a heated pool await. The spacious lanai is perfect for entertaining or simply enjoying the serene surroundings wooded rear views offering privacy. Additional features of this remarkable home include an 8-foot extended garage, perfect for storing a boat, golf cart, or extra belongings. Living in Moody River Estates means enjoying a low HOA fee that encompasses cable, internet, lawn maintenance, gated security, and access to a wealth of resort-style amenities. Residents can take advantage of the community clubhouse, which boasts a newly updated fitness center, a large swimming pool, billiard room, updated meeting rooms, and recreational facilities including playgrounds, basketball and tennis courts. Nature enthusiasts will appreciate the scenic walking and biking paths, as well as the Gulf access boat ramp. Conveniently located just minutes away from grocery stores, dining options, and the charming historic downtown Fort Myers, this home perfectly balances luxury with everyday convenience. Don’t let this opportunity slip away—make this exceptional property your new home today!
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.
