3580 KNOLLWOOD RD, Fort Myers, FL 33919
Hurry, this is a well-maintained concrete block home in the heart of Fort Myers in an amazing LOCATION. Savvy investor(s) understand the importance of LOCATION! This home had NO HURRICANE IAN DAMAGE. Kitchen has tons of light with granite countertops. The NEW roof was installed just last year. HUGE driveway can fit 6+ vehicles. The french doors leading into the screened in patio area and backyard are perfect for entertaining. This lot has tons of space for custom pool and spa, cabanas, gazebo's, insane landscape just like the neighbor(s) have on both sides. Pride of ownership is evident in this location. The huge two car garage has an extended area with Washer/Dryer. Hot Tub in patio has been removed for new owner. The A/C is approx six years old. House is centrally located in a prime neighborhood, close to all the greatest dining, shopping and entertainment just minutes away. If you love Art(s), Barbara B Mann performing hall is 4 minutes away and has the best live performance(s) in Fort Myers. FSW College and Beaches are just a short drive under fifteen minutes. There is a reason why home(s) in Cypress Lake Estates don't pop up often, the prime location is hard to beat in SWFL! So if you are looking for a home that you can make your own, look no further. Schedule your showing before your private oasis vanishes forever!
You may be able to put down less than the total down payment amount of $253,888 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #224063754
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.