853 Abaco Path, The Villages, FL 32163
3 beds · 2 baths · 1,299 sqft
Welcome home to this beautifully maintained 3-bedroom, 2-bathroom retreat in the highly sought-after Village of Sanibel. From the moment you arrive, the stacked stone accents and inviting front stone patio set the stage for exceptional curb appeal. Step inside to find a thoughtfully designed interior featuring vaulted ceilings, laminate flooring (no carpet!), crown molding, and elegant Plantation Shutters. The open kitchen boasts stainless steel appliances, a stylish backsplash, and ample counter space—perfect for entertaining. Strategically placed three solar tubes flood the home with natural light, creating a warm and airy ambiance. The spacious double-pane glass-enclosed lanai offers a versatile space to relax, complete with shades, electrical outlets, and access to a private rear patio. Additional upgrades include 6-panel doors, knockdown ceilings, and a well-equipped garage with a laundry counter/cabinets, extra lighting, cabinets, and an exhaust fan. Designed for comfort and privacy, the split floor plan places the primary suite on one side while the two guest bedrooms are conveniently situated on the other. Located just a short golf cart ride from Captiva Recreation Center, Bonifay Country Club, Colony Cottage Recreation Center, restaurants, medical facilities, Walmart Neighborhood Market, and multiple executive golf courses, this home offers unparalleled access to everything you need and The Villages provides. Don’t miss this opportunity! Call today to schedule a private showing or arrange a FaceTime tour if you’re not local.
Source: STELLAR #G5093258
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #G5093258
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.