One or more photo(s) has been virtually staged. 2017 Cape Heather Cir, is a 5 bedroom, 4 bathroom single family home with 3,256 square feet on a 0.25 acre lot, offering the size, layout, and everyday flexibility many buyers are searching for in Cape Coral. Built in 2004, this home features a 2 car garage, city water, sewer, no flood zone, and HOA dues of $162 a month. The 5 bedroom, 4 bathroom layout is a major advantage for buyers who need more usable space for a larger household, multigenerational living, guest rooms, work from home use, or simply a home that feels less limited day to day. One of the strongest selling points is that several major components are already in place. The roof is 2 years old, and the home has 2 central A/C units, with one noted at 12 years and the other at 6 years. The water heater, electrical, plumbing, and windows are all in good condition, which helps support the overall value and gives buyers a stronger starting point than a property where multiple systems need immediate replacement. The home also uses a heat pump, adding to the practical long term setup for everyday living. From a search and marketing standpoint, this property lines up with what buyers are actively looking for online, including a Cape Coral 5 bedroom home, 4 bathroom single family home, home with 2 car garage, larger home in Southwest Florida, no flood zone property, and city water and sewer. Homes with over 3,200 square feet and 5 true bedrooms are not as easy to find, especially for buyers who want both bedroom count and functional common space in one property. That extra room matters for families who want separation of space, buyers who host often, or anyone looking for a home that can adapt as their needs change. This is the kind of home that stands out because of its size, livability, and overall function. For buyers searching for a larger Cape Coral home with strong bedroom count, multiple bathrooms, major systems already in place, and room to spread out without sacrificing practicality, 2017 Cape Heather Cir presents a strong opportunity.
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.
