2543 SE 22nd Ave, Cape Coral, FL 33904
3 beds · 2 baths · 2,257 sqft
STUNNING GOLD COAST ESTATE POOL HOME – FHA ASSUMABLE MORTGAGE AT 2.65%! Not on the Canal but, just a 2 min Drive to Horton Park & Boat Ramp! This beautifully maintained property in the highly sought-after Gold Coast Estates is ready for its new owners! Nestled in a quiet, peaceful neighborhood, this home offers nearly 1,800 sq. ft. of living space on a corner triple lot with a canal view from the backyard. Recent updates include a brand-new roof and gutters (2023) and a fully renovated master bathroom featuring modern finishes that create a luxurious retreat. The split floor plan includes three spacious bedrooms and two bathrooms, providing a functional and comfortable layout for any lifestyle. The home boasts a large living room, cozy family room, and formal dining area, perfect for entertaining or relaxing. The chef’s kitchen is equipped with wood cabinetry, granite countertops, a generous pantry, and stainless steel Whirlpool appliances in like-new condition. Tiled flooring runs throughout the home, except for the master bedroom, which adds warmth and comfort. All bedrooms include walk-in closets, and the home is equipped with double-pane windows and storm shutters for added efficiency and peace of mind. The outdoor area is a true oasis, featuring a large pool resurfaced in 2017 with a screened enclosure, perfect for enjoying Florida’s sunshine in comfort. The beautifully landscaped yard, lined with mature palm trees, adds to the stunning curb appeal. This home is conveniently located near banks, supermarkets, shopping centers, and more, while still offering a serene and private atmosphere. FHA assumable mortgage at 2.65%! Buyers who qualify for an FHA loan may assume this incredibly low interest rate, offering significant savings in today’s high-rate market! Don’t miss this rare opportunity to own a stunning pool home with a LOW assumable mortgage rate! Schedule your showing today! (Buyers should verify eligibility for FHA assumption)
Source: FORTMYERS #225006830
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: FORTMYERS #225006830
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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 of Equal Opportunity Act.