1 of 38
$449,997

8170 Fountain Mist Blvd, Lehigh Acres, FL 33972

3 beds · 2 baths · sqft sqft

Town Lakes is one of Lehigh Acres most established Gated Communities centrally located just a short walk to one of the best Community Parks called Lehigh Acres Park, which has Baseball & Soccer Fields, Football Fields, Tennis & Pickleball Courts, a Community Pool, Disc Golf & so much more. This Newly Renovated Town Lakes 3 Bed plus Den Pool home features a New Roof in 2022, a New 4-Ton A/C system in 2022, New Gutters & Fascia in 2023, a Newly Professionally Painted Pool Cage with New Fasteners & Screens in 2023, New Exterior Paint in 2024, Newly Painted & Sealed Pool Deck in 2024 & an updated Stone Façade on the front of the home. Step inside & find New Interior Paint, New Luxury Vinyl Plank Flooring in the Living Room, all Beds & Den and all Baths, with Tile Floors in the Kitchen, Dining & Family Room, New Modern Fans, Lights, & Fixtures, a Newly Updated Kitchen with White Raised Wood Panel Cabinets with Black Hardware, Crown Molding and 36” Uppers, a Custom Epoxy Countertop, High-End LG Slate Stainless Appliances including a Sliding Range with Convection & Air Fry, a French Door Fridge with Glass Panel & Custom Ice Maker, Convection Microwave & Dishwasher with 3rd Rack, Modern White Tile Backsplash, & updated LED Recess Lights. The Expansive Primary Suite has a Large Walk-in Closet, a recently renovated White Wood Raised Panel Bath Vanity with Black Hardware, New Quartz Counters, New Designer Mirrors, New Black Faucets, a Walk-in Tiled Shower with New Semi-Frameless Shower Glass Enclosure & a separate Soaking Tub with New Black Hardware, New Vanity Lights & a New Toilet. There is a Large Den off of the Primary Suite, currently utilized as a home office, 2 ideal sized Guest Beds, which share the recently Renovated Guest Bath, which has a White Raised Panel Wood Vanity with Black Hardware, New Quartz counters, a New Designer Mirror, a New Vanity Light with a Low maintenance Tub/Shower Combo & a New Toilet. The Recently updated Laundry Room has New White Upper Cabinets with Custom Wood Shelving. There is even a Newly Custom Built Wine/Coffee Bar off of the Kitchen with Black Raised Panel Cabinets with Gold Hardware & a Butcher Blockm Counter Top. Step through the 8FT High Family Room Sliders and you will find a Large Pool Area overlooking the Fenced Backyard and Private Preserve View. Directly across the street is a Community Lake. You will not find a comparably Renovated Pool Home in a Gated Community in all of Lehigh Acres close to this price. HOME IS NOT IN A FLOOD ZONE!!!

Interest rate 3
5.37%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,307
With Roam
$2,722
Reduce your monthly payments by $414 when you assume this mortgage.
You also save $138,800 in total interest paid.

$49,811
Edit

You may be able to put down less than the total down payment amount of $49,811 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.279 acres
Year built
2005
Type
Single Family Residence

Source: FORTMYERS #224083308

Loan
Remaining term
27 years, 11 months
Rate
5.37%
Monthly P&I
$2,307
Remaining loan balance
$400,185

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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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Last updated: Nov 21, 2024 12:09 pm
Listing agent: Christopher Cioffi (239) 410-5099
Listing provided courtesy of: No Nonsense Real Estate PA (239) 410-5099
Details provided by FORTMYERS and may not match the public record.
MLS ID: #224083308
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,307/mo
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