1812 SW 32ND ST, Cape Coral, FL 33914
ASSUMABLE 2.5% RATE MORTGAGE for qualified buyers! What!!! PLUS, the remaining transferable builders structural warranty, and the remainder of a 10 year warranty on the A/C, which was replaced in 2022. Roof was replaced in 2023. Welcome to this charming 3 bedroom, 2 bathroom 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. Speaking of space outside, there is plenty of room for a pool! As you step inside 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. Sliding glass doors in the living room lead out to the covered lanai and expansive backyard, where you can entertain, watch the birds that come over from the wooded area behind your fence, or simply sit back and enjoy the Florida sunshine. 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. Beyond the home, you'll find the attached 2 car garage with keypad entry, a well-manicured yard with lush landscaping, and the inlet for entire home pest control. The home has built-in tubes behind the walls, which allows for the pest control technician to connect to the outside inlet and treat the entire home without the need to come inside, or to spray harmful chemicals on surface areas inside the home. Obtaining insurance on this property should be no problem since the roof was replaced in 2023, and the seller is offering to transfer their flood policy to the buyer.! Also, recently replaced are, the air conditioner in 2022, which comes with a transferable warranty purchased by the seller, the dishwasher in 2023, and the hot water tank in 2024. This home comes with the remainder of a transferable structural warranty from the builder, too! 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, and so much more. Don't miss your opportunity to own this charming SW Cape Coral home. Schedule your private showing today!
You may be able to put down less than the total down payment amount of $157,709 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: #224064546