158 SW 52nd St, Cape Coral, FL 33914
3 beds · 2 baths · 1,821 sqft
Get a free consultation call with an expert in the mortgage assumption process.
WATERFRONT - POOL HOME - SAILBOAT ACCESS, SOUTHERN EXPOSURE, This is truly a boater's dream home, less than 10 min to the river. Larger Boat lift is rated 16,000 Lbs which can handle 35' plus boats. The two Davit lifts are 1500lb each and can fit a 17ft boat or two jet skis. Bring all your water toys. Price adgustment includes solar panels being paid off by seller at closing. Almost free electric. Everything in the house is less than a year old, including drywall and floors, Pool awnings, All lights in and outside the house are LED, All wiring and plumbing was updated by license professionals, A/C compressor and air handler are also less than a year old. The roof (including lanai/patio roof), Lanai/patio structure and woodwork with built in speakers is less than a year old, same for the attached airconditioned mancave. The house was painted in and outside, electric fireplace, Paved driveway, Boat lift area pavers, are all less than a year old. All doors and windows are hurricane and impact proof. Solar panels, will be paid and free to new owners. Almost no cost for electricity. The hot tub is 3 years old. The Pergola and wood work is 4 years old & has water, electric, counter top and stainless steel outdoor cabinets. The pool is 5 years old. Generac whole house stand by generator 24kw is less than a year old (will power everything included lift without a hiccup). Propane stove, Propane dryer, Propane tankless water heater, Propane pool heater, 500 gallon underground propane tank. This home is prepared to be self-sustaining and handle any storm due to the solar panels, propane and large generator. The interior has new wall to wall large, beautiful tile. Most rooms have motion sensors for lighting even the toilet seats rise when you enter the room. There are to many special features in this home to mention. The kitchen will impress for sure, from the wine cooler to the gas stove that is rare here in SWF. The den/3rd bedroom is currently a multi-functional room. One car garage has built in cabinets for additional storage. The circular driveway is oversized and can accommodate close to a dozen cars. The fenced yard has many mature fruit trees, some protect the large koi pond. Mango, Avocado, lime, coconut and others. Nestled in the highly sought after SW Cape neighborhood, surrounded by beautiful waterfront homes and close to shopping, dining, places of worship and MORE. Walk to Tarpon Point Marina, Rotary Park & just a short drive to the beautiful white sandy beaches!
Source: NABOR #224062646
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NABOR #224062646
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.