1149 SW 32nd Ter, Cape Coral, FL 33914
3 beds · 2 baths · 1,698 sqft
NEW roof, NEW gutters, and NEW AC in 2023. Welcome to your dream Florida oasis! This single-family home is perfect for embracing the sun-soaked lifestyle the Sunshine State is known for. Step inside to discover an inviting split floor plan that maximizes space and comfort. Crown molding in main living areas and bedrooms. The heart of the home features a spacious central great room adorned with high vaulted ceilings providing an airy ambiance that's ideal for relaxation or entertaining. With three generous bedrooms and two full bathrooms, there’s plenty of room for family and guests alike. The primary bedroom is a true retreat, boasting two walk-in closets and an ensuite bathroom designed for luxury. Enjoy the convenience of double sinks, a tub/shower combination, and ample counter space—all bathed in natural light from the sliding door that leads directly to the tiled, screened lanai. Imagine sipping your morning coffee or unwinding after a long day in your own private sanctuary! The fenced yard offers endless possibilities, including room for a pool, perfect for those warm Florida days. You'll appreciate the ease of city water and sewer services, along with the added benefit of being conveniently located near shopping, restaurants, and schools. Don’t miss your chance to experience the ultimate Florida lifestyle in this beautifully appointed home—where comfort meets elegance in a vibrant community. Come see for yourself the lifestyle that awaits you!
Source: FORTMYERS #225017659
Financials
Source: FORTMYERS #225017659
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.