1412 SE 11th Pl, Cape Coral, FL 33990
3 beds · 2 baths · 1,924 sqft
Welcome to your beautifully remodeled Gulf Access pool home located in the heart of Cape Coral. The stylish coastal finishes of this home create a welcoming and tranquil atmosphere. Cooking will be a joy in your updated kitchen featuring a peninsula with counter seating, pass-through window to the lanai, new appliances, soft-close cabinetry, granite countertops, undermount kitchen sink, and tray ceiling w/ recessed lighting. The split floorplan provides privacy between owners and guests, with the primary suite featuring an ensuite with large vanity, granite countertop, white cabinetry, and decorative accent shower tile. Guest bath also functions as a pool bath and features a standalone shower w/ white subway tile and glass enclosure, new vanity w/ quartz countertop, lighting, and hardware. The sliding doors off the kitchen and living room provide a seamless transition to your screened lanai and heated pool, with plenty of covered space for living and dining outdoors. Other notable updates include roof (2019), A/C (2021), Impact windows and doors (2023), new pool pump (2025). Best part is this home sustained NO WATER INTRUSION from past storms and is in X500 zone which doesn't require flood insurance. Don't miss out on living the Florida dream--schedule your private tour today!
Source: FORTMYERS #225022005
Financials
Source: FORTMYERS #225022005
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.