2410 Kismet Lakes Ln, Cape Coral, FL 33993
3 beds · 4 baths · 5,594 sqft
A beautiful custom home located on a half acre with endless lake views from front and back! This model features THREE bedrooms, all with their own private bathroom and walk in closet, a den and an amazing huge great room with disappearing doors that open out to the extensive patio. The kitchen is a dream - a ten foot quartz covered island open to the great room and dining area. White shaker cabinets, large walk in pantry and stainless steel appliances. There is tons of wall space for art and large furniture and a tray ceiling. The master bedroom is split with sliders to the outdoor area and a spa like master bathroom with dual entry shower, garden tub and dual vanities. Master closet is very large and also features a second closet. The additional bedrooms are each in their own wing of the home and offer beautiful upgraded tile, walk in showers and large closets. The outside is simply fantastic - endless western views with full sunset views, and out of the front you have a view of the large lake with the fountain! The pool area features three distinct living areas - all under patio cover and picture window screens to showcase the views. There is an outdoor kitchen area with built in grill, fridge and sink and a large granite island - the PERFECT place to hang out and enjoy Florida's gorgeous weather. There is a sparkling pool with a sunning ledge. All of this located in beautiful Kismet Lakes, a community of 27 homes with underground utilities, fiber optic cable, streetlights and two gorgeous lakes. Kismet Lakes is also a gated community with HOA fees of only $200 per month and is exempt from utility expansion. This home shows better than new, has never flooded and has assumable flood insurance.
Source: FORTMYERS #225015427
Financials
Source: FORTMYERS #225015427
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.
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