1812 SW 32nd St, Cape Coral, FL 33914
3 beds · 2 baths · sqft
Huge Price Improvement! Assumable 2.5% rate mortgage available! Welcome to this charming, move in ready 3 bedroom, 2 bathroom, 2 car garage home nestled in the desirable SW area of Cape Coral. Situated on a landscaped lot with a fenced backyard that backs up to a wooded preserve. This home offers ample space both inside and outside. As you step inside the home through the front screened-in porch, you'll be greeted by an open floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen, which opens up to the living room, and is outfitted with ample counter space, creates an inviting feel while entertaining your family and friends. Retreat to the spacious master suite, complete with an en-suite bathroom and large walk-in closet. The indoor laundry room is conveniently located near the master bedroom. Two additional bedrooms on the opposite side of the home offer ample space for a guest bedroom, a home office, or kids bedrooms. The main bathroom features a tub and a shower. Sliding glass doors in the living room lead out to the covered lanai and expansive backyard with several mature fruit trees, plenty of space to build a pool and entertain, watch the birds that come over from the wooded area behind your fence, or simply sit back and enjoy the Florida sunshine. The home has built-in pest control tubes, which allows a technician to treat your home through an exterior port that treats the entire home via the tubes behind the walls of the home. No more chemicals being spayed all over inside, which can be harmful to your family and pets. The home also comes with many transferable warranties for your peace of mind! The property is located within walking distance to Gulf Elementary, Gulf Middle, and Ida Baker High School. Just a short drive away, you'll find Sunsplash Family Waterpark, Ft. Myers Beach, Sanibel Island, FGCU, I75, RSW International Airport, Punta Gorda Airport, countless shopping and dining options, and so much more. Don't miss your opportunity to own this charming, move in ready, SW Cape Coral home. Schedule your private showing today!
Source: FORTMYERS #224064546
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224064546
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 45-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: #224064546
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.