11124 Tangelo Ter, Bonita Springs, FL 34135
3 beds · 2 baths · 1,710 sqft
This updated 3-bedroom, 2-bathroom pool home in Bonita Springs has all the charm and features you’re looking for! Tucked away on a spacious lot just minutes from Downtown Bonita and a quick drive to the beach, this home truly captures the Florida lifestyle. Step inside and you’ll love the fresh, modern feel—plank tile flooring runs throughout, and the bright kitchen shines with white cabinets, granite countertops, and stainless-steel appliances. The interior was recently painted, so it’s move-in ready, and big-ticket upgrades like high-impact windows and sliders, a new roof (2019), and a water heater (2022) and pool pump (2024) are already taken care of. The bedroom closets each have custom shelving systems installed! The owner's suite is a private retreat with dual sinks and a frameless shower featuring both rain and regular shower heads. Outside, the fully fenced backyard is your personal paradise with fruit trees for a little tropical flair and plenty of space for entertaining by the custom pool or at the inviting gazebo. There’s even room to store your boat or RV right on the property! Orange Creek even offers a community Canoe/Kayak Launch into the the Imperial River! Whether you’re lounging by the pool or exploring the nearby beaches and downtown, this home is the perfect place to enjoy everything Bonita Springs has to offer. Great spots so close to this home are: Riverside Park, Ceremony Brewing, Chartreuse Craft Cocktail Lounge, Rooftop Bar at Riverside, Survey Cafe, Waffle Monkey, The Bohemian and the newly opened SugarShack! Come check this home out, you won't be disappointed.
Source: FORTMYERS #225010874
Financials
Source: Public records
Source: FORTMYERS #225010874
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.