Welcome to your waterfront dream in the coveted Yacht Club neighborhood, where coastal living meets modern sophistication in one beautifully renovated package. This three-bedroom, two-bathroom residence offers 1,605 square feet of thoughtfully redesigned living space that blends contemporary style with laid-back coastal charm. Every inch of the fully remodeled interior has been carefully curated, creating a home that feels both polished and inviting from the moment you step inside. The real magic happens out back. A western rear exposure delivers breathtaking sunset views over the canal, turning your backyard into a nightly light show that never gets old. Whether you are sipping your evening coffee or hosting friends on a warm Florida night, the scenery does most of the entertaining for you. For boating enthusiasts, this property is nothing short of a dream. A composite dock equipped with a boat lift provides your own personal launchpad for aquatic adventures, and the river sits just an incredibly quick five-minute boat ride away. Spontaneous days on the water become a regular part of life rather than a special occasion. Peace of mind comes standard with this home. The roof, air conditioning system, and plumbing have all been replaced within the last five years, so you can focus on enjoying the lifestyle rather than worrying about costly maintenance surprises. The surrounding community adds another layer of appeal. The Yacht Club Community Park is a short stroll or bike ride away, offering green space perfect for morning walks or afternoon lunches. Several well-stocked supermarkets are conveniently nearby, and the restaurants and nightlife of downtown Cape Coral sit within easy walking distance, giving you plenty of options when the mood strikes. This is more than a home. It is a lifestyle where modern comfort, natural beauty, and community vibrancy come together seamlessly. Schedule your private showing today and discover what waterfront living in Cape Coral is truly all about. ~Seller is a reputable builder in the area and has plans and a permit in for a pool and spa for the home. They've decided to sell without installing the pool BUT could continue with the pool build for an additional approximately $60k. The plans/design will be uploaded to the listing for anyone interested~
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.
