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$480,000 SIGNIN

Sign in to see required down payment for the 3.125% rate

1450 Tanglewood Pkwy, Fort Myers, FL 33919

3 beds · 2 baths · 1,981 sqft

Located in the desirable Tanglewood community just off McGregor Blvd, this home offers a spacious layout with plenty of room to relax and entertain and is NOT in a flood zone! The split floor plan features two separate living areas, providing privacy and comfort. Travertine flooring flows throughout the home, with carpet in the two guest bedrooms, both of which feature chair rails for a touch of classic charm. Crown molding adds elegance to both living areas and the primary suite, while decorative picture frame molding enhances the great room. The guest bath includes wainscoting and a tub/shower combo, while the primary suite's en-suite bath features a walk-in shower. Your kitchen is designed for convenience and style, with granite countertops, a mosaic tile backsplash, stainless steel appliances, including a newer French Door refrigerator with InstaView Door-in-Door technology that allows you to quickly assess inventory while preventing cold air from escaping, a pantry, and a pass-through window to the lanai, making outdoor entertaining effortless. Sliders from both living areas and the primary suite lead to the large, covered lanai and pool area. The lanai provides ample space for relaxing or hosting gatherings by the heated pool, which features a brand-new pump and an updated screen enclosure. Southern exposure ensures plenty of sunlight, creating the ultimate outdoor oasis. Additional updates include a 2023 roof and a 2024 AC system, offering peace of mind and energy efficiency. Tanglewood is known for its welcoming and friendly atmosphere, sidewalks which are perfect for a morning jog or evening stroll, and is just minutes from shopping, dining, entertainment, schools, hospitals, the downtown River District and the beach. With easy access to RSW airport, this home is perfectly situated for a convenient and active lifestyle.

Estimated
Seller's interest rate
3.125%
7%
Estimated
Monthly payment

$2,296
$2,953
You may also save up to $199,204 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,953 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
3.125%
Remaining term
25 yrs and 3 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,296
Principal & interest
$1,385
Mortgage insurance
$229
Property taxes
$245
Home insurance
$436
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,981 sqft
Lot size
0.253 acres
Year built
1969
Type
Single Family Residence
HOA dues
$0.00

Source: NABOR #224100594

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 13, 2025 12:07 am
Listing agent: Billee Silva (239) 247-2490
Listing provided courtesy of: Jones & Co Realty (239) 415-5881
Details provided by NABOR and may not match the public record.
MLS ID: #224100594
The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright }}YEAR}} M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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