1829 SE 10th St, Cape Coral, FL 33990
5 beds · 3 baths · sqft
SELLER HAS AN ASSUMABLE VA LOAN AT 2.25% AND THEY ARE HIGHLY MOTIVATED! LOWEST PRICED 5 BEDROOM HOME WITH DIRECT ACCESS IN CAPE CORAL! Welcome to your dream oasis! This stunning 5-bedroom pool home offers the ultimate in luxury living with direct access to the Gulf of Mexico and a brand-new dock for your boating pleasure. Recently updated, the home boasts a new roof, a newer HVAC system, and a state-of-the-art pool heater, ensuring comfort and peace of mind year-round. Step inside to discover an open floor plan designed for entertaining. The home features tile and wood-like laminate flooring throughout, providing a stylish and low-maintenance living environment. The inside living area is expansive, offering plenty of space for large gatherings and intimate get-togethers alike. Outside, you'll find an equally impressive entertaining area. There is ample room under the roof for shaded relaxation, as well as plenty of space for lounging in the Florida sun by the beautiful pool. The living area opens to a beautifully landscaped, fenced yard providing a private retreat for you and your guests. There is a big shed in the backyard as well that is perfect for keeping all of your outside toys, fishing tackle and etc clean! The property is equipped with a Reverse Osmosis (R/O) water treatment system, delivering the purest water for your family. Located in close proximity to the finest shopping and dining options, this home combines convenience with elegance. Don’t miss the opportunity to own this exquisite waterfront property. Experience the best of coastal living with unparalleled access to the Gulf, luxurious amenities, and an ideal location. Schedule your private showing today and step into the lifestyle you’ve always dreamed of!
Source: FORTMYERS #224048456
Source: FORTMYERS #224048456
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: #224048456