3775 27th Ave SW, Naples, FL 34117
3 beds · 3 baths · 4,488 sqft
Definitely not a boring cookie cutter home. Mid Century Modern meets rustic lodge architecture. Discover the charm of this exceptional Hogan Dwelling, perfectly nestled on a tranquil 2.5 acre wooded lot. This distinctive octagonal home offers endless possibilities with its thoughtful design and harmonious connection to nature. Set back on private lot with circular asphalt drive and constructed with reinforced steel rebar and block, this residence boasts a newer low-pitch roof and hurricane roll-down shutters. Once you step inside, you'll find beautiful cypress and cedar wood throughout, complemented by mexican tile flooring, tongue and groove ceiling with exposed wooden beams and skylights for additional ambiance. Spacious chefs kitchen includes double refrigerators and a butlers bar. Flowing floor plan with large dining area perfect for entertaining and also the central hub of the home. A very unique 250 ft walk-in steel vault/safe room is perfect for displaying art, collectibles or even utilizing it as a media room or theater. A focal tree branch and wood staircase leads to the second-floor loft which offers additional space and living options. Lots of space to add additional bedrooms. Entire home complimented with reverse osmosis water filtration system, tankless hot water heater and newer A/C. Relax on the open wooden deck with above ground pool overlooking the private wooded lot with plenty of room to build or expand. Bonus 24X40 steel outbuilding offering endless options. Perfect for a car collection, boat or other toys. Conveniently located near I-75, excellent schools, shopping and close proximity to The Paradise Sports Complex.
Source: FORTMYERS #225027302
Financials
Source: Public records
Source: FORTMYERS #225027302
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.