1281 Wilson Dr, Englewood, FL 34224
2 beds · 2 baths · 1,957 sqft
Get a free consultation call with an expert in the mortgage assumption process.
A Home With "Something For Everyone!" A custom designed gourmet kitchen for mom, with cook top stove, a heated pool for dad, an A/C (10x12) detached building or playhouse, which could easily be used as a Cabana, work shop or hobby room for other family members and it has a metal roof. There are two bedrooms, two baths, a spacious Florida Room for entertaining, and a screened lanai for outdoor barbecues, enjoying your morning coffee or afternoon tea. The living/dining room, kitchen, and guest bath were remodeled after hurricane Ian. The “open” combination of living room, dining room and kitchen in the center of the home allow you to be part of all the ongoing. The casual Family room is perfect for watching TV or relaxing while waiting for dinner or guests. The new roof was added in 2022. There is also a 4x8utility shed for storage. Pool heater was added approx. 5 years ago and was remarcited about 2 years ago. The custom designed kitchen features cook top stove, double door refrigerator, ceramic tile behind stove, triple head lighting above stove, sky light, center island and built in pantry with pull out drawers. Additional storage is available under and around kitchen counters on the opposite side. There is luxury vinyl flooring thru out most of the home except for bedrooms, baths, Florida Room and screened lanai. The rear backyard offers a lovely garden area and lots of privacy. Shingle roof about 3 years old and metal roof over separate “bonus building”, is about 7 years old. Recessed lighting in living room allows for a pleasant mood setting and the lots of wall space that will easily accommodate a 63” T.V. There is concrete curbed edging around the landscaping. Come preview this this lovely home see why it truly has something for everyone!
Source: STELLAR #N6138150
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #N6138150
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.