225 Nicholas Pkwy W, Cape Coral, FL 33991
3 beds · 2 baths · sqft sqft
Welcome to your dream home! This beautiful single-family home boasts everything you've been searching for. With 3 spacious bedrooms & 2 luxurious bathrooms! This is truly a split floor plan offering additional privacy to the primary bedroom. The 2-car garage is hurricane insulated, rated for up to 160mph winds and provides convenience & security, ensuring your vehicles are protected from the elements. There is additional parking on the side of the home. Tile flooring throughout, no carpet here! The kitchen offers updated black kitchen appliances & brand-new stainless microwave, pantry & plenty of cabinet space! Rest easy knowing that the roof is brand new (installed in 2023), providing peace of mind & protection for years to come as well as a transferable 10-year warranty. This home is NOT in a flood zone! So no flood insurance required! The true gem of this property lies in the backyard oasis & screened lanai. Imagine spending warm summer evenings entertaining friends & family in this private sanctuary with plenty of butterfly host plants for your viewing pleasure. The backyard features Florida Native drought friendly plants, weather station & walking path. The screened lanai offers the perfect space to relax and unwind, shielded from any pesky insects with brand new heavy duty tuffscreen. Whether you're hosting a barbecue or simply enjoying a quiet morning coffee, this outdoor haven will quickly become your favorite spot. This home is located close to schools, shopping, grocery stores, and entertainment! Schedule a viewing today and prepare to fall in love.
Source: FORTMYERS #224083587
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224083587
Source: Public records
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: #224083587
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.