1008 SW 4TH PL, Cape Coral, FL 33991
Stunning Custom-Built Home with Panoramic Lake Views - Now with a Price Decrease! Discover the perfect blend of luxury and practicality in this exquisite 4-bedroom, 2.5-bathroom custom-built home. Located in a serene, no-flood zone, this residence offers breathtaking panoramic views of Lake Alhambra and unparalleled comfort. Nestled in a tranquil setting, this home promises peace of mind with no flood concerns and lower insurance costs. Hardy board cement siding, installed in 2023, ensures both durability and a modern aesthetic. Enjoy natural wood flooring upstairs and stylish LVP plank flooring downstairs. Take advantage of the recent price reduction, making this stunning home even more affordable. Benefit from an incredible opportunity to assume the current mortgage at an attractive 5% rate, providing significant savings and financial flexibility. Unobstructed panoramic views of Lake Alhambra can be enjoyed from your beautiful pool, offering daily escapes to nature’s beauty with stunning sunrises and sunsets. This home boasts unique custom features and finishes throughout, ensuring a one-of-a-kind living experience. The cleverly designed laundry chute from the upstairs area to the downstairs laundry room makes laundry a breeze. The two-car garage is equipped with built-in shelves, providing excellent storage solutions and keeping your space organized. A home warranty of up to $750 is being offered, with a credit at closing so you can choose your preferred warranty company. This beautiful home is being sold furnished, with the exception of a few items. Schedule your private tour today and experience the best of Cape Coral living in this luxurious, practical, and breathtaking home!
You may be able to put down less than the total down payment amount of $314,796 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: #224051542