Discover your sanctuary in this beautifully appointed four-bedroom, two-bathroom home nestled within the charming embrace of Fort Myers. This thoughtfully designed residence beckons with its spacious layout and contemporary conveniences, perfect for families seeking both comfort and functionality. The heart of this dwelling showcases an open-concept living area that seamlessly flows from room to room, creating an atmosphere of warmth and togetherness. Natural light cascades through well-positioned windows, illuminating every corner while highlighting the home's carefully crafted details. The primary bedroom serves as a peaceful retreat, offering ample space for relaxation and rejuvenation after busy days. Your culinary adventures await in a kitchen designed for both everyday meals and entertaining guests. Two full bathrooms provide convenience for busy mornings and leisurely evenings alike, while three additional bedrooms offer flexibility for growing families, home offices, or guest accommodations. Location enthusiasts will appreciate the neighborhood's tranquil residential character, where tree-lined streets and friendly neighbors create a genuine sense of community. The area provides convenient access to essential amenities, including nearby grocery shopping at Frank Cabrera Supermarket and quality education at East Lee County High School. For those seeking leisure activities, Golden Palms Luxury Motorcoach Resort adds recreational opportunities within the vicinity. Commuters will value the property's strategic positioning with quick access to State Road 82, ensuring smooth connections to Fort Myers business districts, shopping centers, and entertainment venues. This location strikes an ideal balance between suburban serenity and urban accessibility. The surrounding environment embraces Florida's natural beauty, where sunshine becomes your daily companion and outdoor living transforms from luxury to lifestyle. Whether you're beginning your homeownership journey or seeking your forever home, this property presents an exceptional opportunity to experience comfortable living in one of Fort Myers most desirable areas.
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.
