120 Greenwood Ave, Lehigh Acres, FL 33936
3 beds · 2 baths · sqft
Charming 3BR/2BA Home with Pool, Solar Panels, Oversized Lot and assumable mortgage at 2.25%! Welcome to this meticulously maintained gem! Nestled at the end of a tranquil street, this 2,121 sq. ft. residence exudes pride of ownership. Let’s explore its standout features: Spacious Living: The open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for family gatherings and entertainment. Outdoor Oasis: Step onto the extra-large lanai, where relaxation meets recreation. Enjoy sunny days by the sparkling pool, host barbecues in the outdoor kitchen, and challenge friends to games in the designated play area. Solar-Powered: Say goodbye to high energy bills! The newer solar panels, backed by two batteries, provide full-house coverage, making this home both eco-friendly and cost-efficient. The Buyer has the choice to assume the balance of the lease or have Seller pay balance off in full; each choice will relate to how much property transacts for. Tile Throughout: Easy maintenance and timeless elegance—tile flooring graces every room, ensuring durability and a cohesive aesthetic. Hurricane Protection: With hurricane windows and shutters, your peace of mind is guaranteed during stormy weather. Other good to know's: The property boasts a well-maintained sprinkler system, while the canal along the north side ensures efficient yard irrigation. Appraisal-Backed Value: The seller has a June 2024 appraisal supporting the home’s worth, adding confidence to your investment. Don’t miss out on this exceptional opportunity! Schedule a showing today and experience the best of Florida living.
Source: FORTMYERS #224051237
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224051237
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 45-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: #224051237
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.