11831 Iona Rd, Fort Myers, FL 33908
3 beds · 2 baths · 1,120 sqft
Experience the best of Florida living with this charming 3 bed, 2 bath home—so close to from beaches, dining, and shopping! This super-cute starter home is perfect for first-time buyers or snowbirds looking for a cozy retreat. High and dry, it had NO flooding or damage from the recent storms including Ian! No HOA! The home offers a comfortable and inviting living space featuring high-end distressed wood plank tile flooring that flows throughout, and an updated kitchen outfitted with gorgeous granite countertops, cabinetry and stainless steel appliances. The living-dining area is cozy and serene while the spacious family room is ideal for relaxation or for entertaining your friends and family. A tankless water heater was installed in 2020 and home remodel was done in 2019. Enjoy the beautiful, large, fenced backyard with above ground heated pool, perfect for outdoor activities and gatherings – or to indulge your green thumb. Above ground heated pool with new equipment in 2022 includes wireless pool controls. Located in Iona, you are less than 15 minutes to the beaches of Sanibel Island and Fort Myers Beach as well as close to great restaurants and shopping. World class health care at HealthPark and Golisano Children’s Hospital is just 4 miles away. Looking for rental income? This home would be a great vacation or annual rental. Don’t miss out on this incredible opportunity to own a piece of paradise. It just needs your special touch to spruce it up a little bit and make it your own. Start your family’s adventure or winter getaway in this adorable home near all the best SW Florida has to offer.
Source: NABOR #224088737
Financials
Source: NABOR #224088737
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.