2001 51st St SW, Naples, FL 34116
4 beds · 2 baths · 1,918 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Price REDUCED! No HOA FEES! Nestled in a serene neighborhood, close to shopping and walk to grade school! This inviting home boasts a perfect blend of comfort and entertainment. With four spacious bedrooms, it offers plenty of room for family and guests. The two well-appointed bathrooms ensure convenience for everyone. Step into the heart of the home, where the expansive living room leads to a well-lighted kitchen and dining area.. It’s an ideal space for gathering with loved ones or enjoying quiet evenings. The 2 car attached garage is insulated so you can use as a workshop! The family room is currently being used as the game room. One bedroom is set up as an office/craft room with a Murphy bed. One of the standout features is the screened-in pool area, a true oasis for warm days and balmy nights, there's a fire pit for toasting marshmallows. The pool invites you for refreshing swims, while the surrounding space is perfect for lounging or hosting summer barbecues. Inside, the game room with a pool table promises endless fun and friendly competition. With its blend of leisure and functionality, this home is not just a place to live, but a space to create lasting memories! Unless purchased separately by buyer, the washer, dryer, pool table rack on wall, and cabinets in dining area do not convey with property.
Source: NABOR #224081202
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NABOR #224081202
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.