1012 NW 33rd Pl, Cape Coral, FL 33993
3 beds · 2 baths · 3,483 sqft
Large 3 bedroom plus den 2 bath 3 car garage home with 2,542 sq ft under air, 3,483 total sq ft. Huge open floorplan with high 14' ceilings, family and living room areas, breakfast nook, breakfast bar and dining room areas, 4 sliding doors leading to the sun deck. The master suite offers sliding door access to the patio, tray ceilings, spacious walk-in closet, spa soaking tub, walk-in shower and more. 3 year old 16 Seer AC, Newer metal roof less than 2 years old, 1 year ago hurricane impact windows were added (energy efficient), metal hurricane shutters, whole house Water Reverse Osmosis system, Guest bathroom was renovated about 1 years ago, 2 years ago water proof luxury vinyl planks (LPV) installed in the master bedroom, 2 years ago in the other two bedrooms luxury vinyl planks (LPV) were installed, about two years ago the entire interior and exterior of the home was painted, a year ago a entertainment fireplace was built in the living room, the back patio deck was remodeled about 1 year ago.
Source: FORTMYERS #225012598
Financials
Source: FORTMYERS #225012598
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
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