9811 Colonial Walk S, Estero, FL 33928
3 beds · 2 baths · sqft sqft
This beautiful home is situated in the heart of Estero in Colonial Oaks, a true hidden gem of a neighborhood. Featuring 3 bedrooms, a den, 2 bathrooms, and a pool, this home offers plenty of space to spread out and enjoy life. The split floor plan places the guest rooms at the front, which can be closed off by a pocket door for added privacy. The large primary bedroom, located at the back of the home, overlooks the pool and lanai and features a charming bay window perfect for a cozy sitting nook. The en-suite bathroom includes a walk-in shower, double sinks, and a garden tub. A home ideal for entertaining, the open floor plan includes a kitchen, dining room, breakfast nook, and a large great room that seamlessly flows to the outdoor lanai area. Recent updates include a new ROOF and Gutters in 2022 and a new AC in 2024. This home is located in flood zone X, no flood insurances is required. It also sits on a grid with a shelter, with past storms power hasn't been out for more than a couple hours! Colonial Oaks is conveniently located near I-75 and Corkscrew on Three Oaks Parkway, making it a short drive from SW Florida Airport. You'll find ample shopping and dining options nearby, including Miramar Outlets, Coconut Point Mall, and Gulf Coast Town Center, with Naples just a short drive away. This neighborhood is also walking distance to Estero Park where there is disc golf, dog parks, walking paths, a community center and gym, movies in the park and music.
Source: FORTMYERS #224040133
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224040133
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #224040133
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