2121 NW 10th Ave, Cape Coral, FL 33993
3 beds · 2 baths · sqft
GREAT OPPORTUNITY !!! GREAT LAYOUT!! GREAT LOCATION. MOTIVATED SELLER!!! VA Assumable loan at 2.875% This beautiful home sits on 3 lots and offers a great open layout, 3 bedrooms , 2 bathrooms, 2 car garage and a new saltwater pool with heater and screened lanai. New Roof. Some of the updating/upgrading includes: Newer A/C, duct work, newer hot water heater, tastefully remodeled kitchen with quartz counter tops, stainless steel appliances, large master bedroom with a beautiful remodeled bathroom. The 2nd remodeled bathroom can be accessed by guest bedrooms, the living room or the pool. The large living room vaulted ceiling is accentuated with beautiful exposed wood beams. There is also an nice den/office/... next to the kitchen All floors are tiles (in wet areas) and beautiful LVP ( Luxury Vinyl Plank) for durability and ease of maintenance. New shed for additional storage, newer septic, new well pump and bladder, R/0 system under sink, New Roof, solar panels for entire home, hurricane protection - so many upgrades!
Source: FORTMYERS #224028493
Source: FORTMYERS #224028493
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: #224028493