2212 SE 15th Pl, Cape Coral, FL 33990
3 beds · 2 baths · 1,685 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Situated just off Del Prado Blvd, this charming 3-bedroom, 2-bath home is a perfect blend of convenience and comfort. You will enjoy easy access to a range of shopping, dining, and entertainment options, making daily errands a breeze. The split-bedroom floor plan offers privacy, while the home’s tile flooring throughout ensures low maintenance—no carpet here! Step outside to a spacious, screened-in lanai, ideal for soaking up the Florida sun year-round. The backyard is fully fenced, with lush landscaping, creating a serene outdoor space for relaxation or entertaining. Recent updates include repiping in 2019, a new water heater in 2020, and freshly painted exterior, giving the home a modern, fresh feel. With a one-car garage, paved driveway, and no HOA fees, this home offers both practicality and affordability. Whether you're a first-time homebuyer, looking to downsize, or seeking a vacation home, this property offers an excellent opportunity to live in a prime Cape Coral location. This property also boasts an assumable VA mortgage with a low interest rate, making it a great financial opportunity.
Source: NABOR #225002636
Source: NABOR #225002636
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.