110 Bahia Via Fort Myers Beach, FL 33931
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About this home
Discover the perfect blend of investment potential and coastal charm at 110 Bahia Via, Fort Myers Beach. THIS HOME OFFERS AN ASSUMABLE VA LOAN WITH 3.75% INTEREST RATE. CONTACT AGENT FOR MORE DETAILS. This exceptional quadplex in the desirable McPhie Park community offers four income-producing units, with a total of 6 bedrooms and 6 bathrooms, just steps from the beach, making it an ideal opportunity for investors or those seeking a versatile waterfront retreat. The two-story elevated property sits on direct gulf access canal with a private dock and seawall—perfect for boating enthusiasts or guests looking to enjoy the best of island living. The property features TWO-2 Bedroom 2 Bath units and TWO-1 Bedroom 1 Bath units with a shared and heated saltwater pool overlooking the water, providing a relaxing oasis surrounded by lush tropical scenery. Each unit benefits from impact-resistant windows, tile flooring, central and wall-unit air conditioning, and access to shared amenities including public beach access, heated pool, bike storage, and a common laundry area. The durable metal roof and resilient construction add peace of mind and longevity to this coastal investment. The zoning on this property supports short-term rentals, offering outstanding untapped income potential. The property is a smart choice for investors seeking long-term value in one of Southwest Florida’s most desirable beach destinations. Whether you choose to operate it as a full-time rental property or as a combination of personal use and guest accommodations, 110 Bahia Via delivers exceptional lifestyle and financial appeal.
Source: FORTMYERS #225075775
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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