1404 NW 4TH ST, Cape Coral, FL 33993
Welcome to this spacious 3-bedroom + Den, 2-bathroom pool home nestled in NW Cape Coral. A generous 2,236 SF of living space ~ features a contemporary open split floor plan with cathedral ceilings, creating a bright and airy atmosphere. This home comes with 40k of home improvements in the past two years, including a new Roof, full A/C replacement w/ Nest thermostat (for energy efficiency and smart home convenience), Privacy Fence, Pool/Lanai screening, fresh painted exterior and interior, and an inspected and repaired Irrigation System! Move in worry-free, knowing these essential updates have already been taken care of. Inside, you'll find a well-appointed kitchen complete with an extended Peninsula, Island and Dual Pantries, newer SS Appliances; Solid Surface Counters; wood cabinets; space for "eat-in" kitchen dining ~ All ideal for both culinary enthusiasts and entertaining guests. Enjoy 2 Living areas, separate Dining space that can accomodate a large dining table, Den/Office PLUS 2 Guest Bedrooms! The main bedroom includes elegant crown molding, adding a touch of sophistication to the space. The primary en-suite bathroom offers a glass-enclosed tiled shower and garden tub for ultimate relaxation. Tile flooring throughout the main living area ensures easy maintenance. Step outside to a beautiful, well maintained in-ground pool; large screened lanai; pavestone pool deck combined with covered private outdoor area; perfect for soaking up the Florida sunshine and hosting gatherings. BONUS: City water and sewer utilities are fully paid, and the property is located outside the flood zone, both adding extra value and peace of mind. All of this AND just minutes from prime shopping destinations and a variety of popular restaurants, making it an ideal choice for those who want the Florida Lifestyle along with convenience to amenities. Ask about possible VA Loan Assumption on this property.
You may be able to put down less than the total down payment amount of $107,956 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: #224074342
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.