Welcome to 2549 Deerfield Lake Ct in Cape Coral—an updated **3-bedroom home with 2 full baths plus a half bath**, tucked away on a quiet **cul-de-sac** with peaceful **lake views** and a community lifestyle that feels like a year-round staycation. Inside, the **June 2024 custom kitchen** steals the show with **stained wood Thomasville cabinetry** and smart storage upgrades throughout, including **soft-close drawers**, **pull-out corner cabinets**, **slide-out spice drawers**, and **dedicated pots-and-pans drawers**—all paired with **brand-new appliances (June 2024)**. Water quality is covered with an **owned Culligan whole-house water softener** and **reverse osmosis at the kitchen sink**. Additional big-ticket upgrades include **impact windows (2020)** and an **A/C replacement (2020)**. With **solar panels**, the home is designed for efficiency, with an **average electric bill under $50/month**. The layout is equally functional, featuring **guest bedrooms arranged in a Jack-and-Jill setup**, ideal for visitors and everyday convenience, with the added bonus of a **half bath** for guests. Step outside and enjoy the best of community living with a **newly refreshed clubhouse** and an impressive list of amenities: **fitness centers, two pools, playground, pickleball, volleyball, tennis, bocce ball, basketball, picnic area, book club, sidewalks throughout**, plus an **active social calendar** that makes it easy to meet neighbors and stay busy. Perfectly located close to **shopping, dining, schools, and everyday conveniences**, this home offers an ideal Cape Coral address with comfort, upgrades, and a lifestyle you’ll love—inside and out.
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.
