Virtually Staged. NORTH CAPE CORAL BEAUTY BUILT IN 2019 | 4 BEDROOMS | OPEN FLOOR PLAN | LOW MAINTENANCE LIVING Welcome to this beautifully maintained 4 bedroom, 2 bathroom home located in one of North Cape Coral's fastest growing areas. Built in 2019 with durable CONCRETE BLOCK CONSTRUCTION, this move in ready home combines modern design, energy efficiency, and functional living spaces perfect for today's lifestyle. Step inside and immediately notice the soaring CATHEDRAL CEILINGS and bright OPEN CONCEPT floor plan that create a spacious and inviting atmosphere. The heart of the home is the oversized kitchen featuring a large CENTER ISLAND, STAINLESS STEEL APPLIANCE PACKAGE, abundant cabinet space with 30" upper cabinets, and seamless flow into the dining and living areas, making entertaining effortless. The private primary suite offers a relaxing retreat complete with a WALK IN SHOWER and generous closet space. Three additional bedrooms provide flexibility for family, guests, a home office, or hobby space. Enjoy Florida living year round on the COVERED UNDER TRUSS LANAI overlooking the backyard, perfect for outdoor dining, morning coffee, or evening relaxation. Additional upgrades include: • LENNOX 14 SEER HIGH EFFICIENCY AC SYSTEM • PGT LOW E INSULATED WINDOWS FOR ENERGY SAVINGS • MOEN PLUMBING FIXTURES • DIMENSIONAL SHINGLE ROOF • WATER TREATMENT SYSTEM • IRRIGATION SYSTEM • 18" TILE FLOORING IN KITCHEN AND BATHS • CONCRETE BLOCK CONSTRUCTION FOR DURABILITY AND STORM RESISTANCE Conveniently located near shopping, dining, schools, parks, boating, fishing, golf courses, Punta Gorda, Fort Myers, Matlacha, Pine Island, and Southwest Florida beaches. This home offers the perfect combination of modern construction, energy efficiency, and Florida lifestyle living. Schedule your private showing today before this North Cape Coral gem is gone.
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.
