2544 NW 19TH PL, Cape Coral, FL 33993
Spacious ranch home in lovely Cape Coral. Three generously sized bedrooms and a large open floor plan, ready to welcome you home. Living room and dining room are flooded with natural light and boast large windows. Split floorplan is ideal for private owner's suite. Spacious kitchen, with lots of room to entertain. Screened in lanai, overlooks level yard. This home is offered exclusively through Trio's Lease-to-Own program, no down payment required. With Trio, potential homebuyers lease a home for up to three years and use the appreciation of the house's value as a down payment when they are ready to purchase. Additionally, the house price is locked in during the lease, maintaining affordability for the consumer. During the lease, the customer goes through 24 months of financial coaching, enjoys a fixed payment the entire duration of the lease knowing that a portion of each monthly payment goes toward the purchase of the home. No down payment is required. No income limits. Amount of cash due at signing includes inception fee, home care contribution, underwriting fee, and last month's payment (not all customers will qualify for waiver). First month payment is due prior to occupancy. Program available to eligible, qualified customers with satisfactory documented credit history who meet Trio underwriting requirements. Future monthly payments may increase depending on property taxes, insurance and homeowner association rates. Final numbers are based on actual customer application and credit profile. Customer is responsible for renter's insurance and maintenance during the lease term as well as any excess wear and tear. All homes financed through Trio come standard with Trio's Home Care Program.
You may be able to put down less than the total down payment amount of $29,313 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #2036068
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