89 Caddy Rd, Rotonda West, FL 33947
3 beds · 2 baths · 1,752 sqft
**NEW PRICE!!******* THIS HOME STOOD UP TO MILTON AND HELENE AND IS WAITING FOR NEW OWNERS!!! This beautiful home is located on a stunning canal where you can relax and enjoy the wildlife and landscape. This property has several golf courses, fabulous restaurants, boating, kayaking, fishing, walking paths and just minutes from our beautiful beaches and breathtaking Boca Grande beaches and fine restaurants. Entering 89 Caddy Road you will notice the new ceramic flooring throughout the home. This split floor plan provides privacy for your guests as well as the master suite occupants. Several upgrades have been made to this home including new A/C (2022), new roof (2022), new pool cage (2023), new hot water tank (2022), new ceiling fans (2024). This home has hurricane shutters throughout which will usually provide a discount through your insurance company. The oversized lanai is perfect for entertaining your family and friends while doing laps in your heated pool. The view of the canal from the huge lanai is breathtaking! This house has it all! Seller is motivated, he said bring all offers!!!!
Source: STELLAR #D6139399
Source: STELLAR #D6139399
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.