Wonderful SFR Lakefront Living on Lake Alhambra – Western Exposure Pool Home! Enjoy stunning sunset views every evening from a to be built replacement dock or lanai covered pool, this beautifully updated 4-bedroom, 2.5-bath Cape Coral home overlooking the wide waters of Lake Alhambra is the one! With nearly 2,500 square feet of living space, this spacious residence combines comfort, style, and the best of Florida’s waterfront lifestyle. Inside is an open and inviting floor plan highlighted by a newly remodeled kitchen featuring granite countertops, a flat-top range with stainless steel hood, recessed lighting, and elegant details. The kitchen’s pass-through window and two pocketing sliders create a seamless connection to the solar-heated pool, screened lanai, and private wooden dock — all with over 180 deg of lakefront view! Downstairs also includes a formal dining area, a flex room perfect for a home office or game room, and a convenient half bath. Upstairs, the spacious primary suite offers dual sinks and an impressive walk-in shower with dual shower heads, while the three additonal bedrooms all enjoy water views. Outside, you’ll appreciate the western exposure, ideal for sunset watching, and your direct access to Cape Coral’s most unique freshwater system — perfect for boating, kayaking, and exploring six connecting lakes. Located near shopping, dining, and quick access to major highways, this home perfectly balances relaxation and convenience. 4 Bedrooms, 2.5 Baths, 2,471 Sq Ft Solar-Heated Pool with Screened Lanai 83 Ft Lakefront 180 deg View, Roof (2014) Updated Kitchen with Granite & Stainless Spacious Primary Suite with Dual Shower Heads Western Exposure for Gorgeous Sunsets Connected to syatem of Lakes via Freshwater Canal System, rare Lake Alhambra gem a sunset-view waterfront home in one of Cape Coral’s most scenic neighborhoods.some names around this home. Lake Alhambra, Mariner High School, Tarpon Point Marina Rotary Park Environmental Center, Sunsplash Family Waterpark, Cayo Costa State Park, Midpoint Memorial Bridge.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
