Welcome to this exceptional 3-bedroom, 3-bath pool home with a private den/office and spacious 3-car garage, ideally located in one of Cape Coral's most desirable neighborhoods west of Surfside Boulevard. Built with Logix Insulated Concrete Forms (ICF), this residence offers one of the most durable and energy-efficient construction methods available today. Additional storm protection features include impact-resistant windows and doors, as well as electric Storm Smart screens on the lanai. The home successfully weathered recent hurricanes without damage, providing peace of mind for years to come. The open-concept floor plan is designed for both everyday living and entertaining. The gourmet kitchen features a large center island, solid wood soft-close white cabinetry, granite countertops, updated stainless steel appliances, and modern fixtures. The spacious living room showcases tray ceilings with crown molding, recessed lighting, and pocket sliding glass doors that open to the outdoor living area. The owner's suite is a private retreat with direct lanai access, dual walk-in closets, a large walk-in shower, and a double-sink vanity. Guest bedrooms are thoughtfully situated on the opposite side of the home, offering privacy along with a guest bath and convenient pool bath, for a total of three full bathrooms. Beautiful porcelain tile flooring extends throughout the main living areas, while luxury vinyl flooring enhances the bedrooms. The front den/office features a full-glass door, making it ideal for remote work or a quiet study. Step outside to the expansive screened lanai, which spans the entire width of the home. The heated pool is complemented by a paver deck, sun shelf, swim-out platform, Bubbler & Water Stream feature plus generous covered seating area, creating the perfect setting for entertaining or relaxing while enjoying breathtaking sunset views. Pavers continue along the side of the home to the driveway, adding to the property's impressive curb appeal. The fenced backyard is beautifully landscaped with decorative curbing, mature plantings, and a 4-zone irrigation system. Additional highlights include remote-controlled ceiling fans throughout and a newer air conditioning with purifier system that is less than one year old. Located in a highly sought-after neighborhood with city assessments paid in full, this meticulously maintained home combines quality construction, modern upgrades, and resort-style outdoor living. A truly outstanding opportunity in Southwest Florida.
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.
