1319 SE 18th Ter, Cape Coral, FL 33990
2 beds · 2 baths · sqft sqft
Exceptional Value Awaits: Discover Your Ideal Home in Southeast Cape Coral Price Reduction Alert! Step into this delightful, move-in-ready 2-bedroom, 2-bathroom residence in the heart of Southeast Cape Coral, where affordability meets charm. With all assessments fully paid and no requirement for flood insurance, this home stands as a beacon of security and peace of mind, free from the impacts of Hurricane Ian or Hurricane Helene. Nestled within a meticulously maintained and welcoming neighborhood, this property boasts proximity to a plethora of amenities including shopping centers, diverse dining options, entertainment venues, gyms, schools, and much more. Key Features Include: Modern Upgrades: Enjoy the sleek laminate flooring throughout, along with a new roof, HVAC system, and a 2015 impact garage door. The property is equipped with efficient gutters and stainless steel appliances, complemented by a washer and dryer conveniently located in the laundry room. Renovated Spaces: The kitchen has been thoughtfully renovated with new wood cabinets and stunning granite countertops, while both bathrooms have received tasteful updates to enhance functionality and style. Outdoor Oasis: Transition effortlessly to the enclosed lanai through sliding doors, perfect for relaxation or entertaining guests. The property features an above-ground pool and a fenced-in yard, providing ample space for gatherings year-round. This home encapsulates both comfort and convenience, positioned in one of Florida’s most desirable neighborhoods. A quick drive over the Veteran's Memorial Bridge puts you within minutes of pristine beaches, the airport, and a multitude of dining and shopping experiences. Don’t Miss Out! This property is a rare find, offering a blend of modern renovations and a prime location, making it an excellent choice for both permanent residents and those seeking a vacation retreat. Schedule your viewing today and take the first step toward making this exceptional home yours! Experience all that Cape Coral has to offer, including outstanding schools, premier shopping, and a culinary scene that will delight your taste buds.
Source: FORTMYERS #224082782
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224082782
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #224082782
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.