11562 Lake Cypress Loop, Fort Myers, FL 33913
5 beds · 3 baths · sqft sqft
PRICE REDUCED!! This perfectly maintained 5 bedroom + den, 2.5 bathroom corner lot pool home will not disappoint. The impressive upgrade list is as follows - New roof in 2022, new fence in 2021, new interior and exterior paint in 2021, new water heater in 2021, two new ac units in 2021 and an epic heated saltwater pool, spillover spa and entertaining area added in 2022. The all tile 1st floor of this nearly 3,000 sq ft home has a formal living room, formal dining room, an office, half bath and a eat in kitchen with stainless steel appliances, 42" cabinets and granite countertops that opens up into the family room. The upstairs boasts an impressive sized master bedroom with large windows and his and hers walk-in closets. The master bathroom has his and hers sinks, two linen closets, a huge tiled shower and a separate water closet. There are FOUR LARGE guest bedrooms upstairs, a Jack and Jill bathroom and a full sized laundry room. The HUGE backyard is private and picturesque with a white picket fence and large entertaining area around the pool area. Gateway offers over 15 miles of walking/biking trails and local hang out spots such as Saucy Meatball, Fort Myers Brewery, Skinny Dogz, Scoop Me Up Ice Cream, Boulevard Tavern, Rock'n Sushi and Jet Blue Park more commonly known as Fenway South all of which are a golf cart ride away. RSW International Airport in a 10 minute drive and Fort Myers Beach and Sanibel Island are both 30 minute drives.
Source: FORTMYERS #224070155
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224070155
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 30-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: #224070155
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.