12878 Timber Ridge Dr, Fort Myers, FL 33913
4 beds · 3 baths · 3,001 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**SELLER MOTIVATED** Welcome to your dream home at 12878 Timber Ridge Dr in the desirable Gateway community of Fort Myers! Recently remodeled with improvements including a new metal roof, new kitchen, new bathrooms, new flooring and so much more. This stunning 4-bedroom, 2.5-bathroom residence boasts 2,508 square feet of living space, offering an open floor plan perfect for both entertaining and everyday living. As you step inside, you’re greeted by a spacious living area with high 10ft ceilings, luxury finishes, large windows, and plenty of natural light. The kitchen features new granite countertops, samsung stainless steel appliances, and ample cabinetry, making it ideal for cooking enthusiasts. The home is NOT in a flood zone and with all recent hurricanes this home never lost power. The oversized master suite provides a tranquil retreat with a walk-in closet and an en-suite spa-like bathroom complete with dual sinks, Bidet toilet, a soaking tub, and a separate shower with 3 shower heads. The three additional bedrooms are generously sized and share a modern bathroom. Step outside to your private lanai with a fenced yard and relaxing lounge area. The backyard offers plenty of room for a pool if desired. Located in a gated community, residents enjoy access to resort-style amenities. The property is conveniently close to top-rated schools, shopping, dining, and just a short drive to Southwest Florida International Airport and the beautiful Gulf beaches. Don’t miss your chance to own this slice of paradise in Timber Ridge—schedule your private showing today! Many of the recent upgrades are new stone coated metal tile roof, 5 year old 4 ton air conditioner with upgraded clean air system, reverse osmosis system, new plumbing, smart thermostat, new rain bird sprinkler system, remodeled bathrooms, new lighting fixtures throughout, bidet heated toilets in 2 bathrooms, plantation shutters, gas water heater, gas stove, gas washer and dryer.
Source: NABOR #224082921
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: NABOR #224082921
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.