3775 27th Ave SW Naples, FL 34117
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About this home
Calling all Artists, Collectors and Visionaries… You found it! Definitely not a boring cookie cutter home. Mid Century Modern meets rustic lodge architecture. Discover the charm of this exceptional Hogan Dwelling, perfectly nestled on a tranquil 2.5 acre wooded lot. This distinctive octagonal home offers endless possibilities with its thoughtful design and harmonious connection to nature. Set back on private lot with circular asphalt drive and constructed with reinforced steel rebar and block, this residence boasts a newer low-pitch roof and hurricane roll-down shutters. Once you step inside, you'll find beautiful cypress and cedar wood throughout, complemented by mexican tile flooring, tongue and groove ceiling with exposed wooden beams and skylights for additional ambiance. Spacious chefs kitchen includes double refrigerators and a butlers bar. Flowing floor plan with large dining area perfect for entertaining and also the central hub of the home. A very unique 250 ft walk-in steel vault/safe room is perfect for displaying art, collectibles or even utilizing it as a media room or theater. A focal tree branch and wood staircase leads to the second-floor loft which offers additional space and living options. Lots of space to add additional bedrooms. Entire home complimented with reverse osmosis water filtration system, tankless hot water heater and newer A/C. Relax on the open wooden deck with above ground pool overlooking the private wooded lot with plenty of room to build or expand. Bonus 24X40 steel outbuilding offering endless options. Perfect for a car collection, boat or other toys. Conveniently located near I-75, excellent schools, shopping and close proximity to The Paradise Sports Complex. *Special Renovation Financing Available!
Source: FORTMYERS #225027302
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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.