14783 Cranberry Ct, Naples, FL 34114
4 beds · 3 baths · 2,032 sqft
Beautiful lakefront 4 bedroom, 3 bathroom pool home in the gated community of Reflection Lakes of Naples. This gorgeous home is located near the end of a cul-de-sac and features separation of bedrooms ensuring everyone has their own space. The gourmet kitchen has granite countertops, stainless steel appliances, and a large, convenient island, making it a chef's dream. The open floor plan is designed for both comfort and entertaining, seamlessly connecting the living, dining, kitchen and lanai areas. The lot is very wide in the back and offers much privacy on the large lanai. The salt water and heated pool is relaxing and refreshing year round and for entertaining. The home has impact windows and doors as well as electric shutters, accordions, and roll down shutters. The home has crown molding, an en-suite guest room, tile on the diagonal, and built in cabinets. The front door has glass installed and a retractable screen. Reflection Lakes offers a host of amenities, including a grand clubhouse with a stunning pool, kiddie pool play area, exercise facility, ballroom, billiards, bocce court, picnic area, management on site, and more. Located just a short drive from Naples' pristine beaches, shopping, and dining options, this home combines luxury, convenience, and the amazing Florida lifestyle.
Source: FORTMYERS #225022760
Financials
Source: FORTMYERS #225022760
Source: Public records
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%. 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.
Other resourcesWhat 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.
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