214 NW 4th Ter, Cape Coral, FL 33993
3 beds · 2 baths · 1,701 sqft
CITY WATER AND SEWER! 2023 Roof, 2021 A/C, 2022 Water Heater, and a New Fence—This Move-In Ready 3-Bedroom Home Has It All! If you're looking for a home with big-ticket updates already done, this 3/2 home in NW Cape is your answer. This home combines value, convenience, and potential! The 2023 roof means no stress during storm season, the 2021 A/C system keeps you cool year- round, and the 2022 water heater ensures reliable hot water. The home is connected to city water and sewer, so you’ll never deal with septic or well maintenance. Brand-new privacy fence installed in 2023, and your backyard is secure, serene, and ready for your personal touch. Inside, the vaulted ceilings create an open, airy feel, while the split floor plan offers smart functionality and privacy. The living area leads to a large screened lanai—perfect for hosting or just unwinding. Outside, the spacious backyard features two stunning live oak trees, tons of shade, and plenty of room to add a pool or design your outdoor oasis. The seller is offering credit toward luxury vinyl plank (LVP) flooring with the right offer, letting you customize the interior to suit your style. This home is the perfect mix of move-in ready and full of possibilities. Don’t wait—schedule your private showing today before this one’s gone!
Source: FORTMYERS #225008778
Financials
Source: FORTMYERS #225008778
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.