11830 Timbermarsh Ct, Fort Myers, FL 33913
5 beds · 4 baths · 3,038 sqft
Timberwood Preserve is one of Gateway’s hidden gems consisting of only 43 homes along 1 street offering that small neighborhood feel with newer construction homes most built around 2015. This 2015 WCI Built Home is located on the cul-de-sac overlooking a Preserve on an oversized lot that is 188 feet deep that provides a large private backyard beyond the 2022-Custom Built Heated Saltwater Pool, which features a Sunshelf with LED Bubblers, a Modern Pebble Finish, a Travertine Pool Deck complimented with a Custom Built Outdoor Kitchen with Quartzite Counters a Sink, Outdoor Refrigerator ideal for entertaining. Additional Exterior Highlights include a Brick Paver Driveway, Tile Roof, Dual A/C System with a U/V Light Purification system, an upgraded Reverse Osmosis Water Purification System, an 8FT High Glass Front Door and a Charming Front Patio. Step Inside and you will find 10FT High Ceilings, Tile Floors thru out the Main Living with New Karastan Stain Resistant Carpet in the Beds, Loft & Staircase, 8FT High 1st Floor Interior Doors and a 8FT High Triple Living Room Slider, Upgraded 5 ¼” Baseboards thru out, Upgraded Fans, Lights & Fixtures an Upgraded Kitchen with Off White Wood Shaker Kitchen Cabinets with 36” Uppers with Cabinet Crown & Hardware, Modern Granite Counters including a large 1-Level Island, a Stone Backsplash, Upgraded Stainless Steel Appliances including a New Samsung Smart French Door Refrigerator and Custom Built Pantry Shelving. The 1st Floor Primary Suite is expansive in size with 3 oversized Windows overlooking the Pool Area, a Large Walk-in Closet with Custom Built Shelving, Upgraded Dual White Bath Vanities with Stone Counters, a Large Walk-in Tiled Shower with Frameless Shower Glass along with a Soaking Tub, Upgraded Vanity Lights, Faucets & Mirrors. On the 1st floor there is also an upgraded Half Bath with Custom Wainscoting, a New Vanity with Counter, Custom Wallpaper & new Faucets, Lights & Mirror, a 5th Bedroom with Dual Glass French Doors currently being used as home office, a Laundry Room with New White Shaker Cabinets & even a custom Build Mud Room just off the Garage Entry Door. Upstairs is a Large Loft Space, 3 Expansive Guest Beds, 2 sharing an upgraded Jack & Jill Bath with Wood Vanities and Stone Counters with a Tub/Shower Combo, a 3rd Full Guest Bath with a Tiled Shower/Tub combo. There are even Custom Window Treatments thru out and New Honeywell Wifi Thermostats. The highly sought after Sherman Soccer Complex is just a short walk from this home which has some of the best soccer fields in town, they host weekly Farmer’s Markets during season & have a Dog Park. Gateway residents have access to the Gateway Neighborhood Park, which has Basketball & Volleyball Courts, Bike and Jogging Paths, BBQ Picnic Areas & Gateway Community Pool. HOME IS NOT IN A FLOOD ZONE. Jet Blue Park is just 5 min away! **SELLER HAS A VA MORTGAGE AT 2.5% INTEREST THAT CAN BE TRANSFERRABLE TO A VA BUYER SUBJECT TO NEGOTIATION**
Source: NABOR #224104696
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: NABOR #224104696
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.
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