10600 Habitat Trl, Bokeelia, FL 33922
3 beds · 3 baths · 1,776 sqft
Charming Stilt home - High and dry area in the middle of Pine Island. Open floor plan with porches all around the house for Cool breezes all winter long. Separate freestanding 2 car Garage. Oversized one/half acre lot full of mature fruit trees, Ponderosa lemon, Avocado,Mangos, Dragon fruit Starfruit and Sour sop. This Tropical Oasis is close to several boat ramps to launch your boat. Spend long sunny days visiting the white sand beaches of Capitiva, Sanibel and Boca Grande. Lots of Fishing options, Dolphins sighting and amazing sunsets. Publix and Winn Dixie just a mile away. Enjoy a tropical bike ride with paved paths from St James City to the Bokeelia Pier. No rental restrictions which makes it a perfect Vacation Rental when you are not in town. Many local restaurants with live music and many festival and events all year long. You never need to leave the Island......however if you must leave Pine Island Road in Cape Coral has multiple restaurants and big box stores. RSW airport is a 45 minutes and Punta Gorda Airpot is about the same. The owners have been relocated and are motivated. This priceless piece of paradise will not last long. MAKE YOUR ISLAND DREAM A REALITY IN THIS NEW YEAR.
Source: NABOR #224094694
Financials
Source: NABOR #224094694
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.