2602 SE 21ST PL, Cape Coral, FL 33904
Welcome to 2602 SE 21st Pl—a beautifully updated 3-bedroom, 2-bathroom home that perfectly combines modern amenities with classic Florida living. This DIRECT ACCESS POOL HOME at an affordable price point will be sure to impress! If you are a boater, look no further than this ready to go 13,000 lb. capacity boat lift to assist your waterway habits. Perfectly Located in a sought-after neighborhood off Everest pkwy, this home offers QUICK boating access with NO BRIDGES, close to local amenities, shopping, dining and offers some of the fastest commute times to Fort Myers that Cape Coral has available. As you step inside, you'll immediately notice the elegant grey wood plank tile flooring that runs throughout the home, complemented by newer interior paint, updated baseboards and sleek door casings. The redesigned HVAC system, complete with cold air returns, ensures optimal comfort year-round. This home has been re-piped with CPVC and NEW ROOF INSTALLED 2023!!! The heart of the home is the inviting kitchen, which features a convenient passthrough window, making it easy to serve meals to guests relaxing on the lanai (also known as the margarita pass through window). Kitchen also features new STAINLESS STEEL appliances including DOUBLE OVEN. The living area opens up to the outdoor space through pocketing sliders, seamlessly blending indoor and outdoor living. Step outside to your private oasis, where you'll find a sparkling pool equipped with an electric pool heater, perfect for enjoying a swim no matter the season. The new pool pump ensures worry-free maintenance, while the 6-speaker outdoor lanai sound system sets the perfect ambiance for gatherings. The screened lanai offers a relaxing space to unwind, and with the added security of hurricane shutters and a Ring doorbell, you can enjoy peace of mind. Take advantage of this chance to own this meticulously maintained home in beautiful Cape Coral! Low Flood Policy IS Transferable.
You may be able to put down less than the total down payment amount of $265,258 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: #224068133
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.