5861 Poetry Ln, North Fort Myers, FL 33903
3 beds · 3 baths · 2,000 sqft
Welcome to your dream home in the highly sought-after Waterway Estates neighborhood! This stunning single-family home boasts 3 oversized bedrooms, 3 bathrooms, and a plethora of luxurious features that will make you never want to leave. Step inside and be greeted by the spacious open floor plan, Large living room & formal dining complete with new LVP flooring and coffered ceilings that add a touch of elegance to the space. The designer kitchen is a chef's delight, featuring stainless steel appliances, quartz counters, wood cabinets with soft close doors & drawers and plenty of storage space for all your culinary needs. Whole House RO system for Great water thought. The office is perfect for those who work from home or need a quiet space to focus. There is also an in-ground pool, perfect for cooling off on hot summer days or hosting unforgettable pool parties with friends and family. Also you can enjoy the Covered Lanai with easy access to the Pool Bath. The triple lot with fenced backyard offers plenty of space for outdoor activities and even boasts fruit trees for you to enjoy and Plenty of parking for you Toys. The epoxy garage floor adds a touch of sophistication to the space, while the crown molding adds a touch of luxury in the Home. Solar System on roof currently producing approximately 120% of what home is is using keeping you energy costs very manageable. You definitely want to put this on you "List To See", you won't be disappointed!!! Located close to Waterway Park, you'll have easy access to walking trails, playgrounds, and Tennis Courts. This home is truly a gem in an unbeatable location. County Maintained Curb & Gutters, No Ditch's, Sidewalks on Both sides of the streets. Whether you're looking for a peaceful retreat or a place to entertain guests, this home has it all. Don't miss your chance to own this beautifully updated pool home in Waterway Estates. This home has sustained NO Water Intrusion with any of the past Hurricanes. Schedule a showing today and make this dream home yours before it's too late!
Source: NABOR #224091817
Financials
Source: NABOR #224091817
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.