Gladiolus Preserve – NO City Taxes, NO Hidden CDD Taxes, and NO Flooding from Any Storms! This beautifully updated five-bedroom residence, featuring four bedrooms plus a massive den easily used as a fifth bedroom, offers a desirable southern exposure and an expansive brick-pavered backyard designed to host large gatherings and enhance Florida outdoor living- day or night! Since 2021, the home has received over $100,000 in retail upgrades, blending modern style with long-term peace of mind. The kitchen was completely remodeled in 2023 and showcases quartz countertops, 42-inch soft-close cabinetry, a farmhouse sink, and KitchenAid appliances including a stove, microwave, oven, and a newer refrigerator added in 2026. Crown molding runs throughout the home, complemented by updated door hardware, upgraded recessed and can lighting installed in 2025, and tile flooring throughout the entire residence. A built-in entertainment center was added in 2025, further enhancing the home’s functionality and style. Both bathrooms have been thoughtfully updated, with the primary bathroom remodeled in 2020 and featuring a custom California-style closet, while the guest bathroom was fully renovated in 2024. Additional interior improvements include a laundry room upgrade with 36-inch cabinetry completed in 2023 and the addition of a true fifth bedroom and closet in 2025. The interior was freshly painted in 2025, creating a bright and move-in-ready feel. Major system and exterior improvements include a new roof and new air conditioning system, both replaced in 2023, as well as exterior paint completed the same year. The brick-pavered backyard was installed in 2021 and enhanced with landscape lighting added in 2026, creating an inviting outdoor space day or night. Gladiolus Preserve is a desirable, double-gated community offering a resort-style pool, tot lot, and well-equipped fitness facility, all conveniently located in South Fort Myers near shopping, dining, and beaches. This exceptional home combines extensive upgrades, flexible living space, and outstanding community amenities, making it a rare opportunity!
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.
