121 Estelle Dr Naples, FL 34112
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About this home
This spacious 3BR/2BA home features an oversized 26’ x 13’ Florida Room with impact resistant windows and tile flooring, in addition to the 1,592 s/f under air. This space is seamless with the rest of the interior, so the home feels like a property with over 1,900 s/f when you walk through the front door. The vaulted ceilings and open floor plan add to this effect, while the split bedroom design offers privacy when guests visit. There is a bay window in the breakfast nook (currently set up as a tv room). The well for lawn irrigation drastically reduces the water bill. The big-ticket items are squared away: roof (2017), A/C (2018), water heater (2020). The view from the back of the home is perfect for those who value their privacy. Estelle Dr. is one of the most sought after streets in Riviera Golf Estates, a quiet 55+ community, with barely any traffic. Community amenities include a newer heated saltwater pool with lap lanes, tennis/pickleball/bocce/shuffleboard courts, exercise room, billiards room, and a large clubhouse with a very active social calendar. The community is just a ten-minute drive from 5th Avenue and eight miles from the beach. All of this for the low HOA fee of just $144/month (includes internet), one of the lowest in East Naples. If you are looking for an attractive and well maintained 3-bedroom home, at an affordable price, in beautiful Naples, Florida, this is one of the best deals in Collier County!
Source: FORTMYERS #225067724
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.