1980 Wellington St, Naples, FL 34120
2 beds · 2 baths · 1,544 sqft
Featuring a stylish tile roof, brick-paved driveway, and lanai, this home offers storm shutters, an epoxy-coated garage floor, and more. Step inside to find large upgraded light neutral taupe tile set diagonally across the living, dining, and bathroom areas, enhancing the spacious feel. French doors lead to the den, perfect for a home office or additional living space. The kitchen and bathrooms boast attractive light stone granite countertops, with the master suite offering his and her closets, dual sinks, and a separate tub and shower. Each villa is an end unit, providing added privacy and Southern rear exposure, allowing natural light to fill the home throughout the day. Located in the gated community of Orange Blossom Ranch, you’ll enjoy resort-style amenities including bocce, tennis, pickleball, sand volleyball, basketball courts, a fitness center, playground, resort-like swimming pools, hot tub, and a clubhouse. Pets are welcome! Conveniently close to brand-new shopping centers and dining options, with low HOA fees and access to great schools. This home is the perfect blend of comfort, style, and convenience!
Source: NABOR #224074327
Financials
Source: NABOR #224074327
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.