7914 Founders Cir Naples, FL 34104
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About this home
This spacious bright Revere Model at Madison Park shows off its Great Room and Split Floor Plan with over 2,400 square feet of living space. The three bedrooms and large den with three and a half bath home offers many nice touches such as crown molding, Moen faucets, real wood kitchen cabinets/bathroom cabinets and Marble windowsills. The large Primary Bedroom has two walk-in closets and large bathroom with tub and separate shower. Two other bedrooms are newly carpeted and painted. Each bedroom has its own bathroom. The large Den has a hardwood floor and overlooks the beautifully landscaped front yard. This was originally a Centex Model Home and has many builder upgrades including an oversized air-conditioned garage. The large, screened lanai is great for outside entertaining with a heated pool and spa. A child proof pool fence included. The house is on a privacy lot with a large backyard that backs up to a tree line at the rear of the property. The home had many updates over the past few years including: New roof 2018, New 5-ton A.C. 2022, New Kitchen Appliances 2020-2023, New Hot Water Tank 2023, New Garage A.C. 2023, New Pool Pump 2023, Ring Doorbell 2024, Nest Thermostat 2024, New Carpet 2025, New Pool Valves & External Piping 2025. Low HOA Fees include lawn care, high speed fiber internet, tree trimming and outside maintenance. Madison Park is centrally located to Marco Island, Downtown 5th Ave, Restaurants, shopping, beaches and so much more!
Source: FORTMYERS #225064338
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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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