Welcome to this beautifully upgraded 2005-built home offering 3 bedrooms, 2 bathrooms, and 1,360 sq ft of living space in a growing Northwest Cape Coral community just minutes from Pine Island Rd shopping, dining, and everyday conveniences. Designed with a clean modern white palette and black accents, the home features large white ceramic tile throughout, stylish contemporary lighting, and a bright open feel. The living area showcases a decorative electric wall fireplace with accent paneling, creating an elegant focal point. The kitchen offers white cabinetry, quartz countertops, stainless steel appliances, and a modern upgraded multifunction sink with flexible faucet, multiple water flow settings, and integrated glass rinser. Zebra window treatments are installed in the living room and on the French doors leading to the lanai. The primary suite features a walk-in shower with glass enclosure, while the guest bathroom includes a tub with glass doors. The garage has been configured with two additional flex/bonus rooms providing extra space for office, hobbies, or guests. Enjoy Florida living outdoors with a fully fenced yard, exterior kitchen complete with BBQ grill, sink, ice maker, granite countertops, and mounted outdoor TV — perfect for entertaining. Relax in the saltwater pool featuring a built-in sitting ledge ideal for lounging without leaving the water. Plenty of additional yard space for play area or pets, plus a 10x10 Lifetime storage shed. An added highlight of the home is he solar panel system, offering valuable energy efficiency and helping reduce overall utility costs. Conveniently located near Mariner High School and surrounded by new businesses and development in a rapidly growing area. making this home both family-friendly and commuter-convenient. Don’t miss your opportunity to own in one of Cape Coral’s well-established NW neighborhoods with easy access to all Southwest Florida has to offer.
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.
