1006 SW 11TH PL, Cape Coral, FL 33991
Here is the South Cape Coral, Waterfront, Pool Home that you have been dreaming of! Enter the Home to an Open Concept Family/Living/Dining and Kitchen. Great for entertaining as well as for Family time, and this house is being offered Turnkey/Furnished. The Master Suite has bright views of Lanai, Pool and Waterfront and has His & Hers Walk-In Closets with wonderful natural daylight. On the opposite side of the house, the 3 Guest Bedrooms are spacious & share a Large Bathroom with access door to the Pool and Lanai. There is a large Laundry room leading to the spacious garage with more room for storage. But the best part is your Private Oasis for Lounging and Entertaining at your Pool, and Waterside Dock. The Heated Pool is designed for Year Round enjoyment and the New Pool Cage features Picture Window Screening for that Perfect Outdoor Experience. There is also a large outside deck area for Grilling & Chilling! Bring your Fishing Pole to your Dock, and/or your Boat! Some features include: New Roof, New Dishwasher, New Flooring in Bedrooms, New Pool Cage with Picture Window experience, New Pool Heater, Newly Poured Concrete Driveway with Culvert, New Paint inside and out, New Range, and updated Landscaping & Outdoor Lighting. SW Cape Coral is home to wonderful Boating, Outdoor Recreation and some of the best Beaches in the State. Shopping, Schools and Nightlife are all close by as well. This home qualifies for creative Financing, and is easy to schedule your showing appointments, so don't hesitate.
You may be able to put down less than the total down payment amount of $77,526 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #224038532