1601 NW 38th Pl, Cape Coral, FL 33993
4 beds · 2 baths · sqft
#### 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!
Source: FORTMYERS #224071597
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224071597
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: #224071597
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.