1803 SW 2ND AVE, Cape Coral, FL 33991
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 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!
You may be able to put down less than the total down payment amount of $215,338 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: #224066165