3580 Knollwood Rd, Fort Myers, FL 33919
3 beds · 2 baths · 1,737 sqft
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! 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! NO HOA(s)!
Source: NABOR #225006242
Interest rate and monthly payment estimated based on public records.
Source: NABOR #225006242
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?
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.
MLS ID: #225006242