208 SW 15th St, Cape Coral, FL 33991
3 beds · 3 baths · 3,021 sqft
**Motivated Sellers**One-Year Home Warranty**Closing Cost Credit to Buyers of $10,000** This exquisite custom-built waterfront residence is nestled along the picturesque Runyon Canal that empties into the Alahambra Lake, part of Cape Coral’s expansive 90-mile canal and lake system, offering breathtaking views and amazing sunsets. Designed for both elegance and durability, this home boasts hurricane-impact windows, doors, and a hurricane-impact pool cage, ensuring peace of mind year-round. The property has never experienced flooding from hurricanes, and flood insurance is not required. Inside, the home showcases travertine flooring, adding a touch of timeless sophistication. The gourmet kitchen is adorned with LED-illuminated granite countertops and custom cabinetry making it perfect for entertaining. Step outside to the heated saltwater pool, where you can enjoy the Florida sunshine in a private, serene setting. The home includes a state-of-the-art security system for added security and convenience, and all assessments have been paid. Located just minutes from downtown or Matlacha, this property offers seamless access to fine dining, shopping, and entertainment, making it the perfect blend of luxury and convenience.
Source: FORTMYERS #225012203
Financials
Source: FORTMYERS #225012203
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.