18210 Sycamore Rd Fort Myers, FL 33967
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About this home
Welcome to 18210 Sycamore Rd, Fort Myers, FL 33967. Ask about the VA Assumable Mortgage with a 2.25% interest rate! You don't see those rates these days! Paid for solar allows for budget-friendly electricity! Located in the renowned San Carlos Park subdivision, this is your ideal home for entertaining, celebrating life's special moments, and all the holidays! This beautifully maintained 3-bedroom, 2-bathroom, 2-car garage home offers 2,141 square feet of spacious living. Featuring brand-new carpeting in all bedrooms and an oversized bonus room perfect for a game room, home office, gym, or additional living space. Built in 1994 and situated on an elevated lot, this property boasts great curb appeal with a brick-paver driveway, mature landscaping, and a fully fenced-in backyard—perfect for kids, pets, or entertaining. The large screened-in patio includes a built-in BBQ, sink, and extensive counters for that Chef in you! There’s plenty of room to entertain, relax, or even add a future pool. A major bonus: this home is equipped with solar panels that will be paid off at closing—giving the new owner the benefit of reduced monthly utility bills and long-term energy savings. Conveniently located just minutes from I-75, FGCU, Gulf Coast Town Center, parks, schools, and Southwest Florida’s beautiful beaches, this home offers both comfort and convenience in one of Fort Myers’ most desirable non-HOA communities. Don’t miss your chance to own this energy-efficient, move-in-ready home with room to grow and entertain. Schedule your private tour today!
Source: FORTMYERS #225054548
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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.