7823 Canal Ter Labelle, FL 33935
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About this home
This spacious five-bedroom, two-bathroom concrete block home offers the perfect balance of modern comfort and quiet country living. Set on 1.25 private acres in Hendry County, the property is ideal for families, pets, and anyone looking to enjoy a rural lifestyle without sacrificing convenience. The home features 2,881 total square feet with 2,186 square feet under air, and has been updated with a brand-new shingle roof, new central air conditioning system, new water heater, and new water softener. The interior boasts an open great room design with living and dining areas flowing seamlessly into a chef’s kitchen. Highlights include a twelve-foot granite island designed for entertaining, a stainless farmhouse sink, granite countertops, interchangeable cabinet panels, and a full suite of modern appliances including a French door refrigerator, dishwasher, microwave, and stove. The laundry room is equipped with a full-size stack washer and dryer, cabinetry, folding counter, and additional linen storage. Durable flooring enhances the home throughout, with ceramic tile in the main living spaces and baths, and luxury vinyl plank in the bedrooms—ideal for both kids and pets. The primary suite is generously sized to accommodate a king bed and features a walk-in closet, wall-mounted television, and an en-suite bathroom with a dual-head walk-in shower. Four additional bedrooms provide ample flexibility for family, guests, or office space, and the guest bath includes a large vanity and oversized linen closet. Outdoor living is equally impressive, with a 15’ x 30’ screened back porch, a canopied front porch, a 16’ x 32’ above-ground pool, a 10’ x 14’ garden shed, and backs up to a greenbelt for “no neighbors back yard”. A chicken coop, with chickens available if desired, adds to the property’s charm. With a private well and new softener system, as well as plenty of space for gardening, pets, and hobbies, this home is truly move-in ready. Offering thoughtful updates, spacious design, and a peaceful rural setting, it is a rare find for those seeking both comfort and practicality.
Source: FORTMYERS #2025013791
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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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