893 Fenwick Loop, The Villages, FL 32163
3 beds · 2 baths · 1,488 sqft
2.75% ASSUMABLE VA LOAN OPTION*PRICE IMPROVEMENT*MOVE IN READY*REMODELED 3/2 “AT EASE” with an OVERSIZED "21.9x23.4" garage in the VILLAGE OF SANIBEL. 1488 base sq ft + 270 sq ft GLASS ENCLOSED FLORIDA ROOM (Heated and cooled with a MINI SPLIT). Nice curb appeal with a painted drive, walkway, stacked STONE walls, extended PATIO, stamped curbing and PRIVACY SHRUBS surrounding the property. Enter the home into the foyer to your beautiful LAMINATE floored living room & dining room and GORGEOUS remodeled kitchen. There are sliders off the dining room that lead to your 30 ft FLOOR TO CEILING GLASS ENCLOSED florida room w/TILE flooring. The windows also slide open with screens to enjoy the beautiful Florida weather. There are ENBRIGHTEN lights in the LANAI where you can change the color combinations with a variety of preset modes for special occasions & holidays. The kitchen has an 8'7"x4'7" GRANITE island with CABINETS on the front side, black GRANITE composite sink, REVERSE OSMOSIS faucet, double trash can cabinet in island, WHITE cabinets with pullouts, 2019 STAINLESS STEEL appliances, SOLAR TUBE, above cabinet lighting, BREAKFAST NOOK, GLASS BACK SPLASH and a great closet pantry. This popular floor plan has the master bedroom on one side of the home and features a LARGE walk-in closet an en-suite bathroom with dual sinks and a pocket door to your shower and toilet. There are two guest bedrooms-both have closets, ceiling fans with lights and LAMINATE flooring. NO CARPET in this home. Your guest bathroom features a tub/shower combo, GRANITE counters, TILE flooring and linen closet. The inside laundry room has an automatic light when you walk into the room and is handy to your OVERSIZED 2-car garage, which has a painted floor, pull-down attic stairs and set tub. Wait till you see the OUTDOOR PATIO area…GORGEOUS! Lots of extras: décor colors, NEW QUIET (Belt Drive) GARAGE DOOR OPENER & ROLLERS, VAULTED knockdown ceilings, garbage disposal 2024, water heater 2021, WATER SOFTENER system + REVERSE OSMOSIS system, solar fan in attic, 6-panel doors, architectural roof, gutters, WORKBENCH in garage and so much more! Roof has been INSPECTED and CERTIFIED (in paperclip). Be sure to watch the VIDEO TOUR & CALL NOW TO SCHEDULE YOUR SHOWING!!!
Source: STELLAR #G5092330
Financials
Source: STELLAR #G5092330
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.