1144 NW 31st Ave, Cape Coral, FL 33993
4 beds · 3 baths · 2,550 sqft
Discover your slice of paradise in this exquisite home situated along the tranquil freshwater canals of NW Cape Coral. With 4 bedrooms, 3 bathrooms, and a spacious 3-car garage, this 2,550 sqft residence offers a perfect blend of comfort and sophistication. Step inside to be greeted by a harmonious mix of hardwood flooring and tasteful tile throughout the home, creating an inviting atmosphere that is both stylish and practical. The heart of the home, the kitchen, showcases granite countertops and stainless-steel appliances, inviting you to unleash your culinary creativity. Retreat to the primary suite, where dual sinks, a soaking tub, and a separate shower await, offering a luxurious sanctuary for relaxation and rejuvenation. Additional bedrooms provide ample space for guests or family members, ensuring comfort and privacy for all. Outside, the expansive lanai beckons you to unwind and soak in the stunning views of the freshwater canal, with western sunsets painting the sky in a kaleidoscope of colors each evening. Take a dip in the hot tub and let the soothing waters melt away the stresses of the day. Yard is fully fenced on both side of the property for privacy. With a new roof completed in 2022 and a new HVAC system installed in 2021, this home offers not only beauty but also peace of mind for years to come. Conveniently located near shopping, dining, and recreational options, and surrounded by the natural beauty of Cape Coral, this waterfront retreat offers the ultimate in relaxation and serenity. Don't miss out on the opportunity to make this waterfront haven your own.
Source: NABOR #225004016
Financials
Source: NABOR #225004016
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.
