595 103rd Ave N, Naples, FL 34108
3 beds · 2 baths · 2,007 sqft
Not in the flood zone of Naples Park never had any hurricane damage since Ken purchased this in 2010. Property is approx 14 feet above sea level Sought after Cr lot in desirable 500 Block of Naples Park, Well maintained 3/2 plus den/office with formal living room. Kitchen boasts generous cabinet space, stainless appliances and granite large L shaped counter leading to Dining/Family great room. Just off your den/office is the paver patio and professionally landscaped yard with auto aquifer-fed irrigation system and a variety of colorful blooming plants offering a yard of year round color, birds, and butterflies to relax by. Metal roof in 2015., . One block west is the vanderbilt lagoon and the gulf of America beyond. Enjoy, fun in the sun days at the white sandy Vanderbilt Beach or take evening walks up the street to enjoy our spectacular evening sunsets. Collier residents, with proof of registration and residency, are entitled to obtain a Free annual beach parking sticker good throughout, Naples and County beaches. Naples Park enjoys lots of pride, as properties are being upgraded or rebuilt. Community feeds into top schools, Seagate Elem, Pine Ridge Middle, and Barron Collier HS Naples has great schools. Nearby Mercardo features retail, dining and Whole Foods, Trader Joe's, Publix and Walmart to the North.
Source: FORTMYERS #225017432
Financials
Source: FORTMYERS #225017432
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.
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