940 Brainard St E Lehigh Acres, FL 33974
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About this home
This charming traditional ranch home offers the perfect blend of comfort, convenience, and Florida lifestyle living. Ideally located on the outskirts of Fort Myers, you’ll enjoy easy access to golf courses, Veterans Park, grocery stores, healthcare, dining, and recreational facilities, all while being close enough for a relaxing day trip to the beach. Situated on a quiet street with no HOA, this property provides the freedom to truly make it your own. The home’s desirable exterior color palette and welcoming curb appeal are highlighted by a spacious covered front porch, perfect for savoring your morning coffee or winding down in the evening. Step inside to an inviting foyer that opens to a formal living room or potential home office, as well as a flexible bonus space ideal for a craft room, hobby area, or playroom. Endless possibilities to fit your lifestyle! The open-concept family room is bright and airy, flowing seamlessly into the peninsula-style kitchen featuring stainless steel appliances, an eat-in breakfast nook, and a walk-in pantry. The split-bedroom floor plan ensures privacy, with the primary suite tucked away and offering direct access to the screened lanai through sliding glass doors. The primary bathroom boasts a soaking tub, makeup vanity, walk-in shower with rainfall shower head, and a great size closet. On the opposite side of the home, you’ll find three secondary bedrooms and a second full bathroom, providing ample space for family or guests. The screened-in lanai allows for year-round enjoyment of the fresh Florida air while staying protected from the elements and pests. With a dedicated bathroom that opens directly to the lanai, it’s perfectly designed for adding a future pool. The backyard offers a peaceful retreat with serene views and plenty of space to create your dream backyard. A storage shed is included, perfect for lawn equipment, tools, or seasonal items. With its convenient location, quiet setting, and versatile floor plan, this home is a rare find. Don’t miss your chance to make it your Florida retreat!
Source: FORTMYERS #2025008682
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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.