Room for the entire family in this well-maintained 2,319 square foot home in SW Cape Coral, offering 4 bedrooms, 2 full bathrooms, and a large private fenced backyard—perfect for everyday living, entertaining, or future expansion. Enjoy desirable western exposure, delivering beautiful sunset views each evening and ideal afternoon sun for a future pool. Built in 2015, this newer home features tile flooring throughout the main living areas and comfortable carpet in the bedrooms. The updated kitchen serves as a central gathering space, complete with tile backsplash, stylish black countertops, bar-top seating, and a spacious pantry. The open-concept layout flows seamlessly into a bright and inviting living area, with sliding glass doors overlooking the backyard. The screened-in oversized lanai extends your living space outdoors, creating the perfect setting to relax or entertain while enjoying Southwest Florida’s year-round climate. The expansive fenced backyard offers both privacy and flexibility, with ample space to add a pool, create a garden, or design your own outdoor retreat. With four generously sized bedrooms, this home provides versatility for families, guests, or a dedicated home office. One bedroom includes a professionally installed built-in fold-up bed, ideal for a flexible multi-purpose space. Recent updates include a roof replaced within the past three years, along with mature landscaping that enhances curb appeal. Per the seller, the home experienced no storm-related flooding, providing added peace of mind. Located in a highly desirable area of Southwest Cape Coral, this home is just minutes from Cape Harbour, Tarpon Point Marina, and a wide variety of shopping, dining, and entertainment, including Starbucks, Target, and popular local restaurants. Quick access to Veterans Parkway and Fort Myers makes commuting convenient. Outdoor enthusiasts will appreciate nearby access to boat ramps, marinas, and boat clubs, offering easy access to Southwest Florida’s beaches, barrier islands, and waterfront dining. Golfers are close to Palmetto Pines Golf & Country Club and Coral Oaks Golf Course. With continued growth in the area, including Bimini Square, The Cove, Slipaway Marina, and the revitalized Yacht Club Beach and Marina, this location offers both lifestyle and long-term value.
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.
