Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
1 of 50
VA loan
$649,500

15817 Beachcomber Ave, Fort Myers, FL 33908

3 beds · 2 baths · sqft

Located in the peaceful, gated Beachwalk Isles community, discover a single-family home that spans 1,943 sq. ft. It features three bedrooms plus a den, along with a heated saltwater pool and spa. The floor plan includes a versatile front room that can serve as a bar/sitting area with a pool table for entertainment or as a formal dining and living space. The primary bedroom boasts a walk-in closet, an ensuite bathroom with a shower and linen closet, and French doors leading to the den/nursery with a closet. Two guest bedrooms and a full bath are situated separately from the primary bedroom. High ceilings enhance all living areas. The home features upgraded exterior lighting, perfect for evening relaxation, and a spacious screened-in lanai with a covered sitting area ideal for outdoor enjoyment. A two-car garage with epoxy coating, a paver driveway with additional parking spaces, plus an extra concrete pad for a small boat or jet ski, concealed behind a vinyl fence, add to the home's appeal. Fruit trees are a delightful bonus. Beachwalk Isles boasts incredibly low HOA fees at $305 per quarter with no rental restrictions, making this property an excellent investment for rentals or a family residence. The property has never experienced flooding and is situated on a quiet cul-de-sac street, offering a peaceful and safe retreat. Claim your piece of paradise in one of Southwest Florida's top vacation destinations. Just 5 miles from the unspoiled white sands of Ft. Myers Beach and less than 10 miles from the picturesque Sanibel Island, this location is a sanctuary for those seeking an authentic Floridian lifestyle. Conveniently located near shops, restaurants, and cafes, essentials are merely a short stroll away

Estimated
Seller's interest rate
5.125%
7%
Estimated
Principal & interest
$3,158/mo.
$3,820
You may also save up to $219,584 in total interest paid.
Listing price
$649,500

Your cash down payment
$89,553
Seller’s estimated current equity is $89,553
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $3,158 monthly payment

Financed
$559,946
Assumed mortgage 5.125% • Seller's rate
$559,946
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.216 acres
Year built
2001
Type
Single Family Residence

Source: FORTMYERS #224072684

Loan
Remaining term
27 years, 8 months
Rate
5.125%
Monthly P&I
$3,158
Remaining loan balance
$559,946

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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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Last updated: Dec 21, 2024 12:11 pm
Listing agent: Tami Oliver (239) 344-7777
Listing provided courtesy of: Cornerstone Coastal Properties (239) 989-0111
Details provided by FORTMYERS and may not match the public record.
MLS ID: #224072684
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$3,158/mo
View details