1724 SW 3RD AVE, Cape Coral, FL 33991
Welcome to this exceptional 3-bedroom, 2-bathroom home located in the heart of Cape Coral, Florida—a prime area known for its convenience and charm. This property features an array of desirable amenities that will appeal to homebuyers seeking both comfort and style. Upon entering, you'll be greeted by vaulted ceilings that create a spacious and elegant atmosphere. The modern kitchen is a chef's dream, equipped with a double oven perfect for preparing meals for family and friends. Eco-friendly solar panels provide energy low electric bills, while the backyard oasis, complete with a fenced yard and rear lanai, offers a serene retreat for outdoor relaxation. Mature landscaping enhances the home's curb appeal and tranquility, making it a true sanctuary. Situated in a non-flood zone, this secure and well-maintained property offers peace of mind. The 2-car garage provides ample parking and storage space, adding to the convenience of daily living. Its central location in Cape Coral ensures quick access to all parts of town. Residents can easily explore the vibrant community, which boasts a range of amenities including shopping centers, restaurants, parks, and recreational facilities. For those interested in the investment potential, Cape Coral's growing population and strong rental market make this property a promising opportunity. With its sought-after features and prime location, this home is a lucrative prospect for both investors and homeowners looking to capitalize on current market trends. No flood insurance is required, and all sewer and city water assessments are paid. Don't miss the chance to make this captivating Cape Coral residence your own—schedule a viewing today and experience the best of Florida living!
You may be able to put down less than the total down payment amount of $112,014 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: #224062468