2210 NW 10th Ter, Cape Coral, FL 33993
3 beds · 2 baths · 2,004 sqft
Welcome to this meticulously kept open-concept Santa Barbara model, pool home built by Mediterranean Homes. Stepping through the artistically frosted French front doors, you enter the great room featuring cathedral ceilings, with a view straight through to your heated pool and spa(2013). 3 bedrooms, 2 full bathrooms, chef style kitchen with plenty of cabinet space and large pantry, 2 car garage with ample storage and new epoxy flooring and a brick paved driveway and a privately hedged courtyard. This large corner lot, 2004 sf home has NEW ROOF(2022), NEW POOL AND SPA HEATER(15 year transferrable warrany), NEW DEEPER WELL PUMP(190FT), automatically timed sprinkler/irrigation system, and Master Forge stainless steel OUTDOOR KITCHEN with built in refrigerator, two burner tops, griddle and 3 burner grill. Located in the peaceful Northwest Cape Coral area, it’s close to 27 Hole Arthur Hills Coral Oaks Golf Course, numerous boat launch sites and marinas with gulf access only 5 minutes away, Historic downtown Fort Myers River District with amphitheater, farmers markets, art shows, music walks, Edison & Ford Winter Estates, boutique shopping, fabulous nightlife & dining, entertainment, and outdoor recreational activities which include nature preserves, tennis, biking, skate and BMX parks, boating, fishing, canoeing, kayaking and sunset cruises. Whether you’re relaxing at home, enjoying nearby nature preserves and parks, or taking a short drive to downtown Cape Coral, 5 minutes to Matlacha, or Fort Myers Beach, this home offers the perfect blend of Florida’s outdoor lifestyle and modern comfort. NO HOA fees. RV's and boats allowed!
Source: FORTMYERS #225030188
Financials
Source: FORTMYERS #225030188
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.