Roam | 1724 SW 3rd Ave, Cape Coral, FL
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1724 SW 3rd Ave, Cape Coral, FL 33991

3 beds · 2 baths · sqft

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!

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
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Details
Home
Lot size
0.23 acres
Year built
2018
Type
Single Family Residence

Source: FORTMYERS #224062468

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?

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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?

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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?

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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?

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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?

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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.

View all FAQs
Last updated: Nov 13, 2024 10:33 am
Listing agent: Doug Simpson (417) 207-7113
Listing provided courtesy of: Starlink Realty, Inc (239) 693-7263
Details provided by FORTMYERS and may not match the public record.
MLS ID: #224062468
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.