595 103rd Ave N Naples, FL 34108
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About this home
This property has been free of any hurricane damage since the owner purchased in 2010. Property is approximately 14 feet above sea level, not in the flood zone of Naples Park. Highly sought after corner lot in the desirable 500 Block of Naples Park. Well maintained 3/2 plus den/ office with formal living room. Kitchen boasts generous cabinet space, stainless appliances, and large granite L-shaped counter leading to Dining/Family great room. Just off your den/office is the paver patio and professionally landscaped yard with auto aquifer-fed irrigation system and a variety of colorful blooming plants. This landscape offers year-round color, birds, and butterflies to relax by. Metal roof replaced in 2015. One block west is the Vanderbilt Lagoon and the Gulf of America beyond. Enjoy fun in the sun days at the white, sandy Vanderbilt Beach or take walks up the street to enjoy our spectacular sunsets. Collier residents, with proof of registration and residency, are entitled to obtain a Free annual beach parking sticker good throughout Naples and County beaches. Naples Park enjoys a lot of pride, as properties are being upgraded or rebuilt. Nearby Mercardo features retail, dining, and Whole Foods with Trader Joe's, Publix and Walmart to the North
Source: FORTMYERS #225017432
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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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