1803 SW 2nd Ave, Cape Coral, FL 33991
3 beds · 2 baths · sqft
Updated POOL HOME in desirable SW Cape Coral. Oversized tropical lanai and pool area with rock waterfall (Imitation Rock), palm trees, and private fenced in yard. Seller will pay balance on assessments at Closing. Live each day like you are on vacation! Featuring 3 Bedroom plus an Office, 2 Full Bathrooms, and 1,853 SF with 2,337 Total SF with to enjoy. Roof Replaced! Step into a large open living room with tile floors, soaring cathedral ceilings, ad sliding glass doors overlooking the pool area. Open concept kitchen with updated granite counters, open bar top seating, stainless steel appliance package, and lots of cabinet space for storage, cooking, and meal prep. Dining area is surrounded by big windows and sliding glass doors looking out to the palm trees and pool. Lots of natural light. Master bedroom has plank tile floors, crown molding, and pool access and view. His & Her closets, walk-in shower, and dual vanities. The guest bedrooms are large and well appointed and share a full bathroom with access to the pool - the pool bath. Private office can also be the 4th bedroom! Pool Time!!! The back yard is like a tropical oasis with a full-length privacy fence, palm trees overtop, and white stones feel like a sandy beach. The Extended Patio goes the entire length of the house for lots of entertaining space, sunbathing, are fun with the family. Furniture Negotiable. Located in the desirable SW close to shopping, dining, events, Starbuck, Target, Publix, and the area's top-rated restaurants. BOOATERS: Located near many public ramps and launches for easy access the Gulf of Mexico, beaches, and fishing. GOLFERS - Very close to Palmetto Pines Country Club and also Coral Oaks. Near many of Cape Coral's newest development and community projects like the Yacht Club, Bimini Square, The Cove, and Slipaway for even more fun things to enjoy!
Source: FORTMYERS #224066165
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224066165
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 30-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: #224066165
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