Unbelievable Financing Opportunity – A True No-Brainer Deal! This property features a rare FHA assumable loan of approximately $312,000 at an exceptional 3.125% fixed interest rate for over 30 years. A qualified buyer can assume this incredibly low-rate loan and simply bring cash for the difference between the loan balance and purchase price. In today’s market, securing a 3.125% rate is almost unheard of — making this one of the smartest and most valuable purchases available. Combine prime location with extraordinary financing and you have a truly standout opportunity. Location, Location, Location! On City Water & Sewer Plus All Assessments Are Paid in Full. Situated south of Cape Coral Parkway and just minutes from Cape Harbour, this impeccable home is located in one of the most desirable and convenient areas of Cape Coral. Less than one mile from Lobster Lady, the Chabad Center, Publix, shopping, and top restaurants, this location offers unmatched convenience and true Florida lifestyle living. The home can be purchased fully furnished turnkey for an additional price and is move-in ready. Beautifully remodeled with sophistication and attention to detail, you’ll appreciate the brand-new roof, brick-paver driveway, and elegant wrought-iron double-door entry with screened sitting area—perfect for enjoying sunsets. Mature palm trees surround the property, creating a lush tropical setting. Inside features tile flooring throughout, custom wainscoting, and a bright open layout. The chef-inspired kitchen offers a massive quartz island with seating, gold sink with touchless faucet, abundant cabinetry, stainless steel appliances, and upscale lighting and finishes. Guest bedrooms are stylish and inviting. The guest bath includes a quartz vanity, upgraded cabinetry, and walk-in shower with direct access to the backyard—ideal for entertaining or a future pool. The spacious primary suite features high ceilings, custom accent wall, and pocket sliders to the lanai. The spa-style bath includes a soaking tub, frameless glass shower, dual sinks, and elegant finishes. Enjoy your private fenced backyard oasis with brick-paver lanai, wood-paneled ceiling with fan, electric retractable awning, tropical landscaping, and ample space for relaxing or entertaining. Additional highlights include hurricane-impact windows and sliders, newer mechanicals, new electric panel, new plumbing, and numerous upgrades throughout. Perfect as a primary residence, seasonal getaway, or exceptional vacation rental—everything is in place. Located moments from Cape Harbour dining, marina, and entertainment. This is a rare opportunity to own a beautifully upgraded home in a prime location with an assumable 3.125% loan already in place. Come see it in person and fall in love
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.
