206 SW 39th St, Cape Coral, FL 33914
3 beds · 2 baths · 1,444 sqft
This beautiful Cape Coral home is move-in ready and packed with updates! Featuring 3 bedrooms, 2 bathrooms, and a sparkling pool with a relaxing hot tub, this property has everything you need for comfortable Florida living. The home boasts a new roof installed in 2021, along with a brand-new HVAC system from the same year, a new water heater was also added in 2023. The kitchen is updated with gorgeous granite countertops and modern finishes, while the refreshed bathrooms offer a stylish, contemporary touch. Best of all, it features new flooring throughout the majority of the home. With all city water and sewer assessments fully paid, you’ll enjoy hassle-free utility service. The home’s prime location puts you close to Cape Coral's best shopping, dining, and entertainment, making it the perfect place. Best of all we are alone scratching the surface on the upgrades done, AGENTS PLEASE VIEW THE ATTACHED LIST OF UPGRADES! Don’t miss the opportunity to own this well-maintained, reach out today for a private showing!
Source: NABOR #224083234
Financials
Source: NABOR #224083234
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.