2406 Queen Dr, Lehigh Acres, FL 33971
3 beds · 2 baths · sqft
NW Lehigh 3 bedroom, 2 bath home with 2 car attached garage. The attached garage is 31x20 and has 12' ceilings. The home is located on one of the SFWM canals, so the water has a current (movement). Home offers a large kitchen with a pass-thru into the living/dining area. The living area is spacious and open with a view of the deck, backyard, and canal. Off the dining area is a glassed-in Florida room that leads to the back deck. The back deck is big enough to accommodate large parties. The primary bedroom and bathroom are large. The home has had numerous upgrades including a new hot water heater in Feb 2024, a new attic fan and relays in the attic in June 2024, new a/c fan and relays in the condensing unit in August 2024, a new washer in 2023, a new in-ground water pump in 2022, new aerator and 2 bladder tanks and aerator pump in 2023. The garage door was replaced in 2021. The stove, dishwasher, and microwave, were replaced in 2020. The washer was replaced in 2023. The garbage disposal was replaced in Dec 2023. ADT alarm system was added in February 2024. The drain field for the septic system was redone in 2020. Permitted 6' wood privacy fence on 3 sides. Permitted 4' chain link fence on the rear for a view of the canal. Permitted 16x45 pressure-treated deck. The deck is built to accommodate a 54" high above-ground pool with safety gates. Permitted 60 x 24 shop with 12' exterior walls. 10x10 roll-up doors on the end. The shop has a full concrete footer (with rebar) and a 4" slab floor. The shop has 220 power. All exterior concrete slabs are 6" to hold an RV or large truck. The yard is full of mature trees including Royal Palms, Coconut Palms, Banana trees (fruit bearing), Papaya trees (fruit bearing), Tangerine tree, Oak trees, Hawaiian flower tree, Orchid tree, Evergreen tree, and numerous types of Cactus. Easement behind the rear boundary for SWFWM access but can be used to the edge of the water. Fishing and boating are great hobbies right out the back door. This unique home and shop are ready for new owners. Car people? Business owners that need a shop? Man cave? So many possibilities.
Source: FORTMYERS #224075517
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224075517
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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?
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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.
MLS ID: #224075517
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