PRICE IMPROVEMENT On This Desirable LOCHMOOR Area of North Fort Myers - Large Family? Love To Entertain? 3000+/Sq Ft - 4225 Prestwick Court is just 1 Block East Of Cape Coral. This Large Home With Versatile Living Spaces Offers A Split Bedroom Floor Plan With 3 Bedrooms And 2 Full Bathrooms. Additionally, There Is A Den, Just Off Of The Foyer, AND The Primary Bedroom Area With A Jack And Jill Feature 1/2 Bath, Den Space Could Make A Great Home Office, Workout Room, Or Nursery. Soaring Vaulted Ceilings Throughout The Main Living Areas As Well As The Primary Bedroom Retreat With En Suite Bath Featuring Separate Tub And Shower, Gorgeous Tiled Spaces Feels Spa Like! Dual Sinks And Beautifully Finished Walk In Closet With California Style Built In Closet System. There Are Multiple Sets Of French Doors And A Large Set Of Pocketed Sliders That Open Onto The Oversized Screened Under Truss Lanai. Oversized Corner Lot With Room For A Swimming Pool! Centrally Located Chefs Kitchen With Island, Eat In Space, Open, Lighted, Pantry/Display Shelf Space, And Kitchen Organizational Desk Space. Stainless Steel Appliances Including A Double Wall Oven/Microwave, Dishwasher, Cooktop, and French Door Refrigerator! This Is The Social HUB Of Your New Home! PERFECT For Entertaining With Pass Throughs to The Oversized Under Truss Screened Lanai. Beautiful Floor To Ceiling Fireplace Offers Retro Feel To The Ginormous Great Room Area With A Wall Of Built In Cabinetry And Shelves. Lovingly Put Back Together Following Hurricane Ian With New Vinyl Plank Flooring, New Interior Doors And Contemporary Baseboards And Trim Work. Additionally, There Is A New Roof! There Are Several Punchlist Type Projects That Are Needing To Be Completed To finalize This Lovely House Into Your New Home. This Is A Great Neighborhood With Sidewalks, Underground Utilities And Prestwick Court Is A No Through Street! There Are Swimming, Golfing, And Boating Amenities Nearby, Without Having To Pay To Maintain Them! There Is A Lovely, Refurbished Lee County Community Heated Swimming Pool Just A Short Bike Ride North On Orange Grove Blvd. Additionally, Enjoy A Golf Outing At The El Rio Golf Course, At The Corner Of Orange Grove Blvd And Hancock Bridge Parkway. This Waterway Estates Staple Is An 18 Hole, Par 60 Course, Open To The Public, Offering Pay As You Play Tee Times! Finally, There Is A Public Boat Ramp, About 2 Miles Away, At Rosen Park At The South End Of SE 24th Avenue With Plenty Of Vehicle And Trailer Parking, As Well As Boat Slips Available For Rent! This Slice Of Southwest Florida Paradise Is A Perfect Place To Make Your HOME! Additionally, why not access downtown Fort Myers by Trolley, or take a gentle 1 mile walk over the new walking sidewalk downtown to enjoy shops restaurants nightclub bars in theater!Short Distance To Grocery, Pharmacy, And Specialty Stores, Churches, Restaurants, Bars, Personal And Professional Services, This Laid Back Lifestyle Is Perfect To Call 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.
