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221 NW 3rd Pl, Cape Coral, FL 33993

4 beds · 2 baths · 2,204 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Come and see this beautiful home like brand new! This home features over 2,200 sqft has so many details, crown molding throughout the house, high ceilings, MUST SEE! Meticulous taken care of, luxury vinyl throughout the house, brand new roof, new A/C, New water heater, California closets; house upgraded from ceiling to floor, and so much more. Impact hurricane resistant windows and impact sliding doors. Oversized lot, Make this home yours! Schedule your private showing today!

Location
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Loan details
Monthly payment

All values shown are estimated costs / mo.

Total
$1,848
Principal & interest
$1,014
Mortgage insurance
-
Property taxes
-
Home insurance
-
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
2,204 sqft
Lot size
0.256 acres
Year built
2006
Type
Single Family Residence
HOA dues
$0.00

Source: FORTMYERS #224090048

Qualify

To qualify, you must meet the current FHA or VA 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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.

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 “Save search” 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.

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 620, 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.

View all FAQs
Last updated: Apr 30, 2025 05:41 pm
Listing agent: Yisbel Bera Damiron (239) 265-5102
Listing provided courtesy of: EXP Realty LLC (239) 265-5102
Details provided by FORTMYERS and may not match the public record.
MLS ID: #224090048
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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