5676 Montilla Dr, Fort Myers, FL 33919
5 beds · 4 baths · 3,253 sqft
Wonderful spacious Whiskey Creek Estates pool home with almost 2800sqft of living area including 5 bedrooms and 4 bathrooms offering the utmost flexibility; perfect potential for multi-generational living, work from home/offices, work out room or media room options. The adaptable floor plan encompasses: large primary suite overlooking the pool featuring fireplace, large walk-in closet, ensuite bathroom, adjoining bedroom perfect for an office or flex room, then onto the open formal living and dining room with impressive travertine wall and fireplace, glass slider wall opening to pool deck lanai, flowing on into the large kitchen with great island offering lots of full-extension storage and cook book shelves, family room area and additional less-formal dining area. Granite countertops throughout. Great interior space for entertaining offering a U shape flow that allows guests to easily meander from the outdoor roofed, screened lanai to the indoor spaces. The exterior has flexible living spaces too, the front entry has a charming courtyard area perfect for enjoying nature and the rear yard has huge sparkling pool, paver deck and screened-in lanai with deep roofed area to escape the sun. Recent updates include: new exterior paint, new roof 2023, Trane A/C 2019, guest bathroom remodel 2023, laminate and tile floors, newer stainless refrigerator, whisper-quiet Bosch dishwasher, and newer pool pump/filter. Located in the desirable Whiskey Creek neighborhood - a non-gated deed restricted community where you can bike, walk or take your golf cart for a spin to the Executive Golf club with onsite restaurant. Whiskey Creek has an extremely convenient location nestled between College Parkway and McGregor Blvd: close to the beaches, historic downtown river district, dining, shopping and the best part it is located in Flood zone X no flood insurance required here. Come and take a look today!
Source: FORTMYERS #225005121
Financials
Source: FORTMYERS #225005121
Source: Public records
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%. 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.
Other resourcesWhat 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.