VA loan
1 of 45
VA loan
$659,000
SIGNIN

Sign in to see required down payment for the 3.76% rate

9280 River Otter Dr, Fort Myers, FL 33912

5 beds · 3 baths · 3,291 sqft

Welcome to your dream home! Nestled on a serene lake and preserve lot, this stunning two-story residence boasts 5 bedrooms plus a den, 3 bathrooms, formal dining, and a spacious 3-car garage. This home is perfect for Multi-gen living or mother in-law with a 1st floor bed and full bath and upstairs has an extra living room with master suite and the other bedrooms. Enjoy the peaceful outdoor oasis with an extended travertine lanai and a hot tub, perfect for relaxation and entertaining. Enjoy the safety and convenience of 2023 impact hurricane windows throughout the home (75,000), storm smart motorized shutters(8,000), a 2023 dishwasher, 2023 Culligan water softener, and a new 2023 AC unit. Reflection Isles a desirable and gated neighborhood with no CDD fees, no requirement for flood insurance, with Basic Cable, Internet, and lawn care included in the low fees you can enjoy peace of mind and financial savings. Embrace the vibrant community atmosphere with a highly active social committee organizing craft sales, movie nights, bingo, bunco, food trucks, and much more. Don't miss out on this opportunity to live the ultimate Florida lifestyle! Assumeable VA loan.

Estimated
Seller's interest rate
3.76%
7%
Estimated
Monthly payment

$3,541
$4,276
You may also save up to $236,769 in total interest paid.

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $4,276 monthly payment

Financed
SIGNIN
Location
Loan details
Loan type
VA
Rate
3.76%
Remaining term
26 yrs and 10 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$3,541
Principal & interest
$1,854
Mortgage insurance
-
Property taxes
$680
Home insurance
$598
HOA fees
$407
Utilities
Not included

Source: Public records

Home details
Size
3,291 sqft
Lot size
0.1643 acres
Year built
2007
Type
Single Family Residence
HOA dues
$407.00

Source: FORTMYERS #225045880

Frequently asked questions

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 620, 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.

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.

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.

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Last updated: Jun 12, 2025 06:05 pm
Listing agent: Kay Fullilove (239) 246-9851
Listing provided courtesy of: Sellstate Max Performance (239) 317-1818
Details provided by FORTMYERS and may not match the public record.
MLS ID: #225045880
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
Est. seller's rate
3.76%
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