DIRECT GULF ACCESS, MINUTES TO OPEN WATER, POOL HOME, AND WALKING DISTANCE TO CAPE HARBOUR Welcome to your slice of waterfront paradise with NO BRIDGES and direct Gulf access, perfectly positioned on a wide canal and just minutes by boat to open water. This prime location offers the best of both worlds with a short walk to Cape Harbour’s dining, shopping, and marina lifestyle, as well as nearby grocery stores, restaurants, and everyday conveniences. This custom built, one owner home offers 2,674 square feet under air with 3 bedrooms, 2 bathrooms plus a separate pool bath, offering both space and functionality . A circular driveway, lush white rock landscaping, and double entry French doors create a stunning first impression. Inside, you will find soaring and vaulted ceilings, tile flooring throughout, and an open, light filled layout featuring two spacious living areas, a real stone wood burning fireplace, and two dining spaces perfect for hosting or creating a cozy breakfast nook. The updated kitchen showcases quartz and granite style countertops, white appliances, an extra large refrigerator and freezer, electric KitchenAid cooktop, and double wall ovens, making it ideal for everyday living and entertaining. The primary suite is a private retreat with sliding doors to the lanai, two walk in closets, and a spa like bathroom featuring dual sinks, a makeup vanity, oversized shower, and a jetted soaking tub. Function meets convenience with a huge laundry room complete with quartz countertops, upper and lower cabinetry, backsplash, sink, and newer Whirlpool washer and dryer. The finished garage includes built in cabinets and workbenches for additional storage and functionality. Designed for true indoor outdoor living, pocket sliding glass doors open the home completely to the covered lanai, where you will find electric fabric shutters, a newly installed pool enclosure, a pebble finished patio, outdoor shower, and a dedicated pool bath for seamless entertaining. Additional upgrades include a newer roof completed in 2023, updated two zone AC systems, fresh interior paint, updated guest bathroom, and new carpet in guest bedrooms. The home is fully equipped with extensive hurricane protection including shutters and accordion panels for added peace of mind. With no history of flooding, a concrete cantilever dock already in place, and space to design your ideal lift or boating setup, this property is truly a boater’s dream and a rare opportunity to create your ideal waterfront lifestyle in one of Southwest Cape Coral’s most desirable locations.
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.
