1803 SW 2nd Ave, Cape Coral, FL 33991
3 beds · 2 baths · 2,337 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. Live each day like you are on vacation! Featuring 3 Bedrooms plus an Office, 2 Full Bathrooms, and 1,853 SF with 2,337 Total SF to enjoy. Roof Replaced in 2023, Tankless Water Heater in 2022! 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. BOATERS: 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 #225034113
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: FORTMYERS #225034113
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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