10370 BONAVIE COVE DR, Fort Myers, FL 33966
LOCATION, LOCATION, LOCATION!!!!! ASSUMABLE FHA LOAN OF 3.25% interest rate!!! This STUNNING and METICULOUSLY kept home in located in the heart of Fort Myers, Florida and offering over $30,000 in premium upgrades! This immaculate property is just minutes from I-75, providing easy access to the new Lee Health hospital, top-notch shopping, and dining options. SOUTHWEST FLORIDA AIRPORT only 13 Miles away! Step inside to discover a thoughtfully designed interior with high-end finishes, from upgraded flooring to modern fixtures that elevate the living experience. The open floor plan is perfect for entertaining, while the chef's kitchen features top-of-the-line appliances and custom cabinetry. One of the standout features of this home is the state-of-the-art Kinetico water system, renowned for its superior water quality. Unlike traditional water softeners, Kinetico systems are powered by the kinetic energy of moving water, not electricity, making them more efficient and reliable. This system provides clean, soft water throughout the home, reducing the need for harsh cleaning chemicals and extending the life of your plumbing and appliances. The home also comes with a 1-year home warranty provided by the seller, giving you peace of mind as you settle into your new space. Outside, enjoy the Florida lifestyle with a beautifully landscaped yard, perfect for relaxing or hosting gatherings. This home truly has it all—luxury, convenience, and a location that can’t be beat. Don’t miss your opportunity to own this exceptional property!
You may be able to put down less than the total down payment amount of $86,735 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #224032882