Note: The lanai is being screened in this weekend with new aluminum, and "super screen". Located within one of the most sought-after corridors of Northwest Cape Coral, this resplendent four-year-old residence exudes the kind of understated opulence typically reserved for the pages of an architectural lifestyle magazine. Situated in close proximity to the much-anticipated Seven Islands Project—an ambitious waterfront development poised to elevate the area into a premier destination for luxury living—this home represents both a sound investment and a sublime retreat. Thoughtfully conceived and immaculately maintained, this residence offers an expansive and open-concept floorplan that gracefully harmonizes elegance and functionality. The heart of the home is a luminous, gourmet kitchen adorned with lustrous granite countertops, soft-close cabinetry, and stainless steel appliances. Elegant pendant lighting delicately punctuates the voluminous space, while soaring ceilings enhance the home's airy grandeur. With three spacious bedrooms and a versatile den—ideal for a fourth bedroom, refined home office, or creative studio—the layout offers remarkable flexibility. The master suite is a sanctuary of serenity, complete with an indulgent spa-style bathroom boasting a deep, freestanding soaker tub, a separate glass-enclosed walk-in shower, and dual vanities framed in granite. The automated sprinkler system helps keep the lush native landscaping and Floratam grass healthy all year long. Every architectural nuance of this residence has been curated to impress, from the stately brick paver driveway that imparts exceptional curb appeal, to the elevated garage door—an astute design element accommodating larger vehicles with ease. The home rests on a pristine parcel in an area experiencing an influx of discerning buyers who are drawn by the allure of future growth and appreciation, catalyzed by the emerging luxury waterfront district nearby. Local long-time residents feel that this area can experience a solid upward gain in value, much like what the Cape Harbor area experienced several years ago, due to the 7 Islands Project. Will you also look back, proud that you made such a great financial decision? Take advantage of the more affordable price of an off-water home, yet fully enjoy the boating lifestyle using one of the many boat ramps in the area that allow you to get out to the open water and local beaches within minutes. With its fusion of timeless design, premium finishes, and a location poised for potential accelerated value, this property presents a rare confluence of style and substance. Whether you seek a tranquil year-round residence or an exquisite vacation haven, this Northwest Cape Coral gem offers an elevated lifestyle amidst an enclave destined for distinction. Schedule your private showing today. Lender options are available that can assist you in lowering your interest rate with various loan programs for all types of Buyers.
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.
