Enjoy peaceful mornings and sun-filled afternoons from this inviting 3-bedroom, 2-bath pool home with a den, and a desirable eastern exposure. The beautifully landscaped front yard welcomes you home, while a tranquil creek flowing through the rear of the property, complete with a wooden dock, leads out to the nearby Caloosahatchee River, offering a beautiful natural setting. Inside, soaring ceilings and an abundance of natural light highlight the bright, open living space, complemented by a formal dining area. The spacious great room features a cozy stone fireplace and flows seamlessly into the impressive open kitchen, offering a breakfast bar, Quartz countertops, and stainless-steel appliances. The primary suite offers direct access to the lanai and includes dual sinks and a new walk-in shower. Two additional bedrooms and a full bath are thoughtfully positioned on the opposite side of the home, providing a comfortable sense of privacy. The expansive screened lanai is designed for easy outdoor living, complete with a bar, a Jenn-Aire grill, and a convenient pass-through window from the kitchen. The lanai also leads to a fenced in dog run, a shed, and a small area for growing your favorite vegetables. The sparkling low maintenance, heated salt pool, and eastern exposure make it an ideal setting for relaxing or entertaining while viewing an abundance of wildlife, including squirrels, doves, ducks, egrets, rabbits, and even an occasional manatee. Additional highlights include a 2-car garage, circular drive with additional parking for your toys, including a 30-amp RV outlet. All bushes and flowers surrounding the house are drip irrigated, and the yard itself has a new inground irrigation system as well. Enjoy a peaceful setting that blends indoor comfort with outdoor enjoyment, all just a short drive to I-75, dining, shopping, and everything Fort Myers has to offer!
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.
