1601 NW 38TH PL, Cape Coral, FL 33993
#### Seller pays $10,000 Towards Buyer's Closing Costs! #### Your Dream Home Awaits! Discover this STUNNING 2022-built residence on an oversized corner lot in the highly desirable NW Cape Coral, just minutes from the exciting Cape Coral 7 Islands Project. Offering 1,954 sq. ft., this 4-bedroom, 2-bathroom home features an open split floor plan for the ultimate in modern Florida living. Step inside to a home filled with natural light and refined elegance. The BEAUTIFUL kitchen is the heart of the home, boasting stainless steel appliances, a breakfast bar island, and a large walk-in pantry. The shaker-style cabinets with 42" uppers and soft-close doors provide ample storage, while the wood plank ceramic tile flooring and 8' doors throughout add a touch of luxury. A tray ceiling and elegant fixtures complete the sophisticated yet welcoming atmosphere. The large dining area is perfect for family meals or entertaining, with its open layout keeping everyone connected. The primary suite offers a private retreat with direct access to the lanai, dual walk-in closets, and a luxurious en-suite bathroom. Enjoy the walk-in shower with a spa-style shower tower featuring multiple heads for the ultimate relaxation. The second bathroom also includes this high-end fixture for a luxury experience throughout the home. Outside, the SPECTACULAR Florida-style lanai beckons for relaxation and entertainment. The heated saltwater pool with a bubbling sun-shelf is perfect for year-round enjoyment. There’s plenty of room for sunbathing, and the outdoor kitchen with a grill and sink makes alfresco dining a delight. The lanai also includes an outdoor shower and a convenient pool bath. A standout feature of this home is the whole house reverse osmosis system, providing crystal-clear water from every tap. Enjoy NEW 2023 Metal Roof, impact-resistant windows and doors, and a privacy-fenced yard, making this home secure and energy-efficient. The garage ceiling storage racks offer additional space for your belongings. The furniture is negotiable, offering the option to move into a fully furnished home with ease. Located in NW Cape Coral, just minutes from the transformative Cape Coral 7 Islands Project, this home offers a perfect blend of luxury, comfort, and convenience. Schedule your private tour today and experience this exceptional property for yourself!
You may be able to put down less than the total down payment amount of $111,887 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: #224071597
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.