HURRY... This amazing single-family home in Estero is priced to sell! YOU CAN BE LIVING IN YOUR NEW FLORIDA HOME BEFORE THE END OF YEAR! Everything you want and everything you need is right here at 3759 Costa Maya Way in Estero, Florida! You will love this large, spacious split-floorplan (OVER 1800 sqft!) with two large bedrooms, a third bedroom or office, & two full bathrooms. Escape to your huge master retreat complete with walk-in closets, dual sinks, large soaking tub & a spacious walk-in shower. The chef in your family will LOVE this brand new luxurious eat-in kitchen, which just underwent a $30k remodel--complete with modern custom-built cabinets, upgraded stainless-steel appliances, quartz countertops, a huge island breakfast bar, decorative tile backsplash & large pantry. The guest bathroom was recently remodeled with top-of-the-line modern finishes! Upgrades galore including real wood crown moldings throughout the home, 10' ceilings, elite designer lighting and ceiling fans, and high-end waterproof pergo floors throughout the entire house! Find serenity on your large covered screened-in lanai and relax to the sound of the fountain while enjoying breathtaking sunsets over the lake, which looks over to Koreshan State Park! This home sits west of US-41, has NEVER FLOODED & is NOT in a flood zone, so pricey flood insurance is not required (ZONE X). Find peace of mind with a NEW ROOF this year, a whole house water softener, reserve osmosis system for the kitchen (sink/icemaker), upgraded double-insulated or impact windows and even a generator hook-up in the garage! This luxury home is found on an oversized lot within the beautiful, gated community of Terra Vista, in the heart of Estero. Great location in close proximity to the community pool and clubhouse! IDEAL LOCATION just minutes to upscale shopping, fabulous restaurants, RSW airport & the most BEAUTIFUL beaches in Southwest Florida. ALL OF THIS with VERY LOW HOA fees & NO CDD FEES! Don't let this GEM be just another SOLD that you missed out on!
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.
