1333 20th Ave NE Naples, FL 34120
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About this home
This 5-acre property allows you to live, work and play, all from the comfort of home! The open floor plan is great for entertaining, with family, dining and formal living, all balanced around a big galley kitchen. The primary suite has high vaulted ceilings, and lots of natural light with sliding glass doors to screened lanai. Primary bath boasts a walk in closet and a generous amount of space. On the guest side you’ll find two bedrooms, a guest bath with duel sinks and a tub shower combo. An additional bonus room with sliding glass door to pool area could easily be converted into a 4th bedroom. The outdoor space offers the best of both, with an attached screened lanai to relax and an open deck around the salt water pool, perfect for lounging in the SWFL sun. The 40 x 60 metal building has 2 roll up doors (10ft high & 8ft high) and an air-conditioned office with separate entrance. It offers the perfect set up for a home business, and the large driveway to shop is big enough to maneuver long trailers. If you’re tired of paying high board and fighting traffic to see your horse, now you can stable at home! The center isle barn with covered wash rack, tack room and attached turnout will keep your 4 legged friends closer to you, and comfortable. Over $40,000 went into the footing in the 70x200 lighted arena. Multiple pastures offer plenty of turnout. An ideal location nestled between Randal and the new Vanderbilt Beach Ext, mean your access to beaches and shopping will be easier than ever, in the very near future. Only 3 miles to the nearest Publix shopping center and fire station.
Source: FORTMYERS #225071089
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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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