***ASSUMABLE 3.625% MORTGAGE!!!***Discover everyday vacation living in Brightwater Lagoon, where residents enjoy white sand beaches and a 6-acre crystal-clear lagoon just steps from home. With no flood insurance required, this gated community in North Fort Myers offers the perfect mix of relaxation and convenience—whether you’re looking for a full-time residence, seasonal retreat, or rental opportunity. This 4-bedroom, 2-bath home features an open-concept design that makes both entertaining and daily life easy. Neutral interiors create a fresh, modern backdrop ready for your style, while the split bedroom layout ensures privacy. The primary suite includes a custom walk-in closet, and the kitchen is outfitted with stainless appliances—including a touch-screen refrigerator. Evenings are made special with sunset views over the lake from your screened lanai. Ideally located with quick access to major highways, this home makes Florida living effortless. Brightwater — Southwest Florida’s one and only lagoon community, offering a lifestyle unlike anything else in the area. At its heart is a spectacular six-acre tropical lagoon with white sandy beaches and private cabanas, creating the perfect year-round vacation vibe. Spend your days kayaking, paddleboarding or simply soaking up the sun. You’ll enjoy miles of scenic walking and biking trails, dog park, playground, solar-powered streetlights, high-speed internet and secure gated entry. Residents love the year-round live music and food trucks, an active social calendar packed with events and a friendly, welcoming atmosphere. Access to the lagoon is included. Unlimited for household residents. With matching number of guest passes per month. Residents are also offered discounted food and beverages and special events like trivia nights, live entertainment, and games. Schedule your tour 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.
