1408 Archer St, Lehigh Acres, FL 33936
4 beds · 3 baths · 2,903 sqft
Very spacious home located in Country Club Estates just waiting for its new owner. Inside the home you will find 4 bedrooms and 3 full bathrooms, with plenty of room for families of all sizes. Upon entering the front door, you are welcomed by a large living area and formal dining area with triple sliding glass doors that lead out to the covered lanai and then out to the large in ground pool. From there, you can also enjoy the view of the canal. The kitchen features an eat in area and breakfast bar. Off of the living area is the primary bedroom with a bathroom and the 2nd and 3rd bedrooms near the 2nd bathroom. On the right side of the home, off of the kitchen, is the 4th bedroom and the 3rd bathroom, which has a door leading to the back yard. More recent updates to the home include addition of the pool and new shutters/awnings in 2017, a 5-foot black coated chain link fence in 2016, a new hot water heater in 2020 and a new roof in 2018. The biggie....a whole home Kohler generator that is powered by the in-ground propane tank. This gives you piece of mind knowing that no matter how short or long a power outage may be, it won't affect you! Possibilities abound in this home conveniently located close to shopping and dining, so come take a look before it's gone!
Source: FORTMYERS #225015878
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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: FORTMYERS #225015878
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.