11164 SPARKLEBERRY DR, Fort Myers, FL 33913
An Assumable VA Loan exists on this Home with a low, low interest rate from 2020. This 3266 Sq Ft Home features 5 Bedrooms (2 are Owner Suites) (2 are First Floor Bedrooms), 4 Bathrooms, an Open Concept Living/Kitchen Area, a Huge, Second Floor Family Gathering Area for watching TV or just hanging out and a simply Gorgeous Screened Lanai overlooking a Preserve! This home was built in 2013 and has many new and updated features such as, 2 New Air Conditioners, plus a Split System A/C unit in the first floor Master Suite, all done in September of 2022 with transferable warranties. Also the A/C Ducts were cleaned and the treated lining has a coating to help prevent future dust and dirt for sticking. Special Lighting Decor and Ceiling Fans inside and outside the home, some controlled by your cell phone. Washer and Dryer were new in 2022. A new Hot Water Tank in 2020. There is a Whole House Surge Suppressor Unit installed in the home. A large Wall Mounted Fan in the Garage for air circulation and New Garage Door Springs installed on the garage door. The Tile Roof was pressure washed and sealed in 2022. The Home was painted in 2022. We have had the home inspected by a licensed Home Inspector and are happy to share with serious Buyers. This is a Large 2 Story Home with Stately Beauty starting from the Landscaping carrying all the way through the Character Inside this Home. Botanica Lakes is a gated community with lush trees, a beautiful pool area, a lovely clubhouse. It is a walking community so you will easily meet new friends while strolling the sidewalks. Botanica Lakes hosts a wide range of residents, from young families all the way to Seniors. An Outstanding Outdoor area, with a Splash Pool for the kids and a Large Pool for the adults, plus a Spa. The HOA's are very, very affordable and include Basic Security, Cable TV, Internet, Lawn Maintenance and Mulching, truly some the best HOA rates in Fort Myers. If you are thinking that it's time to relocate - please don't miss the chance to tour this lovely, upgraded home. Make your appointment to see this beauty!
You may be able to put down less than the total down payment amount of $319,870 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: #224069402
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.