LUXURY POOL HOME BUILT IN 2021 IN PRIME SW CAPE CORAL LOCATION - LOADED WITH UPGRADES – 3 CAR GARAGE! This stunning single-family home in SW Cape Coral offers 2,016 sq. ft. of beautifully designed living space on a .23-acre lot, combining modern luxury with exceptional outdoor living. Ideally located in the highly sought after Tarpon Point/Cape Harbour/Rotary Park area and just minutes to shopping, waterfront dining and more. Featuring 3 bedrooms, 2 bathrooms, and an OPEN-CONCEPT layout, this lovely residence is filled with premium upgrades for both comfort and entertaining. Inside, you’ll find elevated finishes including detailed ceilings, wood-like plank tile flooring throughout, Hunter Douglas shades, QUARTZ COUNTERTOPS, DESIGNER LIGHTING, and a spacious kitchen with NEW CAFÉ KITCHEN APPLIANCES and two pantries for ample storage. The owner’s suite is a true retreat with its own entrance to the lanai, tray ceiling, TWO WALK-IN CLOSETS, and an elevated ensuite spa-like bathroom with dual vanities, a freestanding soaking tub, and an OVERSIZED WALK-THROUGH SHOWER. Two additional bedrooms provide flexibility for guests or a home office. The second bathroom also offers direct access to the pool. Step outside to your private oasis with a screened lanai offering new no-see-um screens, a new lanai door with built-in doggy door, HEATED SALTWATER POOL with NEW HAYWARD SALT CHLORINATOR, and an incredible outdoor living area featuring a SUMMER KITCHEN with a 42” Blaze grill and gas connection, bar with two-tap kegerator, and BUILT-IN FIREPLACE perfect for entertaining year-round. Additional upgrades include a top-of-the-line WHOLE-HOUSE GENERATOR powered by a 500-GALLON PROPANE TANK, FULLY FENCED YARD, mounted STARLINK SYSTEM for reliable connectivity, two EV CHARGING PORTS, IMPACT WINDOWS AND DOORS, and a 3 CAR GARAGE WITH MINI-SPLIT A/C unit. Built to current elevation and storm codes, the home has remained dry during recent weather events with NO FLOOD HISTORY and includes flood vents for added peace of mind. With its desirable location and thoughtfully curated upgrades, this home offers the very best of Southwest Florida living. THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER, INQUIRE FOR MORE DETAILS**
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.
