2011 NW 10th Ave, Cape Coral, FL 33993
3 beds · 2 baths · 2,349 sqft
BETTER THAN NEW. Yes, this resale home is the better option! This nearly 2000 sq. ft. home comes packed with extra features that you won't find in a new build. For starters, *NEW ROOF installed 2023 (upgraded architectural style shingle with secondary water barrier) *DAIKIN Air Conditioner, one of the best and most efficient Air Conditioners on the market *House is sold FURNISHED, (Practically new, great quality, and barely used, approximately $20,000+ in furnishings, 65" tv included) *NEW Hot water tank 2023 *CEILING FANS & LIGHT FIXTURES all NEWLY replaced *Spend much time in the garage? CUSTOM BUILT storage shelves and work bench, including a heavy duty, brand new MILWAUKEE TOOL CHEST. Worried about costly insurance? NOT HERE, this home is HIGH AND DRY, NO EXPENSIVE flood insurance required and Home Owners Insurance is a fraction of what most are paying. There are so many wonderful features this home offers that you won't appreciate until you're living in the home. *Double door entry *Water softener/filtration system *Fenced yard *HUGE screen lanai under roof *Massive backyard with plenty of room for a pool *TERRIFIC floor plan with Family and Living room separation *Spacious bedrooms, all with WALK-IN CLOSETS. *Tons of storage and closet space *Sprinkler system *Hurricane panels for all windows and sliders, the list goes on...YES, A RESALE HOME CAN BE THE BETTER OPTION. This is one you need to see!
Source: FORTMYERS #225011600
Financials
Source: FORTMYERS #225011600
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.