1422 NE 10th Ter, Cape Coral, FL 33909
3 beds · 2 baths · 2,286 sqft
Super Sweet Pool Home in Cape Coral in a convenient location close to lots of shopping, new restaurants & all the area amenities. This Big home boasts over 2250 sqft with a huge Florida room leading to solar heated pool & fenced dog run. Peace of mind with permanent Hurricane shutters all around, 2021 Roof, 2019 AC unit, 2015 Re-pipe, 2020 Pool resurfaced. Two living & dining areas making plenty of room for family & guests. Center of the home is the kitchen with a window to the Florida room & views of the pool. A Split bedroom floorplan offers privacy for everyone. Plenty of closet space in the main bedroom plus en-suite bathroom featuring dual sinks & a large, tiled shower. Two guest bedrooms that are quite large with walk in closets. The guest bath has a nicely tiled shower/tub combo & also serves the pool for convenience. Lots of possibilities in the Florida room, home office, gym, or playroom. Take a dip in the solar heated pool or end the evening in your private hot tub with a nice deck to lounge. Enjoy the shed to help store some garage items! NO FLOOD ZONE!
Source: FORTMYERS #224075556
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224075556
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: #224075556
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.