10370 Bonavie Cove Dr, Fort Myers, FL 33966
2 beds · 2 baths · 1,508 sqft
PRICE IMPROVEMENT! 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!
Source: FORTMYERS #224032882
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224032882
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #224032882
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.