4302 Parrot Ave Naples, FL 34104
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About this home
Incredible buyer opportunity to ASSUME THE SELLER'S EXISTING LOAN at an Interest Rate of approximately 3.75%, pending Lender Approval and Buyer Qualification. Take advantage of today’s market by assuming this low-rate loan and reducing your monthly payments! HUGE PRICE REDUCTION! Don’t Miss This Opportunity! Welcome to this beautifully renovated 3-bedroom + den, 2-bath home located in the highly sought-after community of Flamingo Estates. Set on a spacious lot with a circular driveway for easy parking, this home offers comfort, style, and functionality. Inside, you’ll find gorgeous flooring that flows seamlessly through the main living areas, complemented by fresh paint, elegant crown molding throughout, and recessed lighting that enhances the warm and inviting atmosphere. The living room provides the perfect space for relaxing or entertaining, while the updated kitchen is a chef’s dream—featuring stainless steel appliances and plenty of space for cooking and gathering. The open dining area further adds to the home’s effortless flow, ideal for hosting friends and family. Down the hall are two generously sized guest bedrooms and a beautifully updated bathroom with a separate soaking tub and walk-in shower. On the opposite side of the home, the spacious primary suite serves as a private retreat, boasting an oversized walk-in closet, a second bonus closet, and a luxurious en-suite renovated bathroom complete with a large soaking tub, dual vanities, dual shower heads shower, and a private water closet. Step outside to enjoy a large backyard perfect for entertaining, or unwind in the charming sunroom with white shiplap detail—an ideal spot to relax at the end of the day or that morning cup of coffee. Additional features include a newer A/C and timeless crown molding throughout. Located just 4 miles from world-class Naples beaches and moments from 5th Avenue, shopping, dining, and entertainment, this home combines prime location with incredible flexibility. With no rental restrictions and a voluntary HOA of only $50 per year, it's perfect as a full-time residence, seasonal retreat, or income-producing property. Priced to sell—don’t miss your chance to own in one of Naples’ most desirable and well-established neighborhoods!
Source: FORTMYERS #225070392
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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.