1616 NE 6th Pl, Cape Coral, FL 33909
3 beds · 2 baths · 2,157 sqft
Nestled in the heart of NE Cape Coral this exquisite 2-year-old EASTHAM floor plan home offers 1,756 sq. ft. of refined living space. This residence is adorned with sophisticated fixtures and elegant design touches throughout, exuding warmth and timeless style. Inside, the home boasts an open floor plan ideal for both relaxing and entertaining. A light-filled breakfast nook with custom bench seating offers a cozy spot for casual dining, while the formal dining area and spacious living room provide ample space for hosting. The chef’s kitchen features sleek quartz countertops, stainless steel appliances, and plenty of room for culinary creativity. Elegant 18” tile flooring adorns the common areas, complemented by upgraded laminate in the bedrooms and ceramic tile in both bathroom showers. The covered lanai offers a tranquil retreat, and a pull-down staircase provides access to a floored attic space for additional storage. The outdoor living space is the crown jewel of this property. A grand gazebo takes center stage, offering ample seating for gatherings and creating a true Florida entertainment haven. Surrounding it are stunning paver walkways and patios, seamlessly blending functionality with beauty while remaining very private within the fenced backyard. DID I mention whole house solar system? Only $35 a month electric bills... wow. The soffit lighting installed around the home’s exterior enhances the ambiance. A full irrigation system ensures the lush yard remains vibrant. A charming home garden adds a touch of serenity. This beautifully enhanced Florida gem is more than a house—it’s a place to call home. No flooding, No flood zone. No HOA. Schedule your private showing today!
Source: FORTMYERS #225008810
Financials
Source: FORTMYERS #225008810
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.