1410 SW 1st Ave, Cape Coral, FL 33991
3 beds · 2 baths · 2,043 sqft
Welcoming Pool Home: Your Florida Home in the sunshine! Discover this well-maintained pool home, thoughtfully situated outside any flood zone for your peace of mind. This beautiful residence offers three generous bedrooms plus a versatile den/office that currently serves as a fourth bedroom—providing flexible living spaces to accommodate your lifestyle needs. The layout flows nicely through the formal living room and dining area, while the cozy family room adjacent to the kitchen creates a perfect gathering spot for casual moments. The functional kitchen features attractive granite countertops, reliable stainless steel appliances, and a convenient breakfast bar for quick meals and conversation. This cared-for home has been updated with numerous recent improvements: a new roof (2020), modern AC system (2021), new water heater (2021), well-maintained pool (2020), impact-resistant windows and doors throughout (2021), hurricane-rated garage door (2023), efficient irrigation system (2020), and a new pool heater (2023). Practical tile floors extend throughout the entire residence, adding both durability and easy maintenance. The comfortable master suite offers direct lanai access through sliding glass doors. The private master bath includes a tiled shower and walk-in closet. Two additional well-proportioned guest bedrooms share an updated bathroom with double sinks and a refreshed vanity that also serves as the pool bath. The screened lanai creates an enjoyable outdoor space with areas for both sunbathing and covered relaxation. Enjoy the clean, electrically heated pool year-round—perfect for family fun or unwinding after a long day. Set in a pleasant neighborhood with city water and sewer services, this home offers the ideal balance of convenience and comfort. Centrally located with quick access to Fort Myers, shopping, and dining, you'll appreciate being in the heart of everything while enjoying quiet surroundings. Whether as your permanent residence or winter retreat, this solid property offers an accessible Florida lifestyle in a home you'll be happy to call your own.
Source: FORTMYERS #225021339
Financials
Source: FORTMYERS #225021339
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.