209 SE 4th Ter, Cape Coral, FL 33990
3 beds · 2 baths · 1,671 sqft
ONE OF THE LOWEST PRICED IN THE AREA....2019 HOME ON CITY WATER WITH ASSESSMENTS FULLY PAID, NOT IN A FLOOD ZONE (X500,X), WITH SOLAR PANELS AND A VINYL PRIVACY FENCE!! WALKING DISTANCE FROM SARATOGA PARK. CLOSE TO SHOPS AND RESTAURANTS. EASY ACCESS TO SANTA BARBARA BLVD, HANCOCK BRIDGE PKWY AND PINE ISLAND RD. ALL MAJOR APPLIANCES ARE AROUND 6 YEARS OLD. Charming 3-Bedroom Home in SE Cape Coral! Explore the potential this 2019 DR Horton Home has to offer. Whether you are looking for a primary or investment home. It 3-bedroom, 2-bath residence offers 1,671 sq. ft. of comfortable living space and is located in the highly desirable X500 flood zone—no flood insurance required! Enjoy peace of mind with fully paid assessments, city water, and energy efficiency thanks to solar panels. The vinyl-fenced backyard provides privacy for outdoor activities and relaxation. Perfectly situated, this home is within walking distance of Saratoga Lake Park and just minutes from Sunsplash waterpark, restaurants, Sam’s Club, and other top shopping and dining destinations. This move-in-ready gem combines convenience and peace of mind. Schedule your showing today! Agents, please see remarks!!!
Source: NABOR #224097060
Financials
Source: NABOR #224097060
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.