17503 Ashcomb Way, Estero, FL 33928
3 beds · 3 baths · 3,296 sqft
Stunning Summerville II on an absolutely incredible homesite with the flexibility to create the backyard of your dreams or enjoy a low-maintenance but picturesque view. This Summerville boasts exceptional curb appeal with a massive driveway leading to a three-car garage with epoxy flooring. Inside is just as impressive, featuring plantation shutters, carefully selected ceiling fans chosen for their quiet efficiency, a whole-home water softener, and reverse osmosis at the kitchen sink. Other notable upgrades include European-style shower heads and electric shades. The home offers a desirable split floor plan with three well-located bedrooms and three bathrooms. The primary suite features his and her private sinks and an oversized shower. One of the guest bedrooms is a private ensuite located in its own wing of the home, making it perfect for guests or multi-generational living. A centrally located den provides the ideal space for a home office or remote work setup. Located in the popular community of The Place at Corkscrew, residents enjoy resort-style amenities including a welcoming restaurant with two bars and a professional chef, a market café, and a bourbon bar. The community features a massive resort-style pool with a waterslide, a state-of-the-art two-story fitness center with kid care, and an array of sports courts for tennis, pickleball, basketball, bocce, and volleyball. Additional amenities include a dog park and playground, making this the perfect place to call home.
Source: FORTMYERS #225025134
Source: FORTMYERS #225025134
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.