2604 SW 1ST PL, Cape Coral, FL 33914
Discover your ideal home!! NEW ROOF 2023. An exquisite blend of style, comfort, and practicality. Nestled in a prime location, this spacious 5-bedroom, 3-full bath residence offers the perfect balance of a tranquil retreat and a vibrant lifestyle, being just minutes away from neighborhood shopping and local dining spots. The kitchen, the heart of this home, is a true masterpiece. Boasting stunning granite countertops, custom cabinets, and a full-height backsplash, it combines beauty and functionality effortlessly. It's ready to inspire your culinary adventures, from the first meal shared with loved ones to countless future feasts. Step through the French doors from the kitchen and you'll find yourself in your own private backyard haven. A paved walkway leads to a spectacular fire pit and seating area, where you can unwind and take in the beauty of Florida's year-round evenings. The fully fenced yard offers a safe and secure space for children and pets, while the 5-zone irrigation and sprinkler system ensures that your outdoor spaces remain lush and vibrant with ease. Inside, the home continues to impress with thoughtful features and premium amenities. On the main floor, a guest or in-law bedroom with its own private bathroom provides an ideal space for visitors or extended family, offering both comfort and privacy. The second floor is home to the enormous master bedroom, a true sanctuary where you can retreat at the end of the day. This spacious room offers ample space for all your furnishings and personal touches, ensuring a peaceful and restful atmosphere. Additionally, the upper level includes a versatile bonus room, perfect for a playroom, home office, or media center, along with the remaining bedrooms that are both comfortable and well-appointed. One of the standout features of this property is the built-in pest control system, which ensures a clean and comfortable living environment throughout the year. This thoughtful addition is just one example of the home's commitment to convenience and quality, providing you with peace of mind. With its exceptional design, luxurious features, and ideal location, this home is more than just a place to live, it's a place to thrive. Don't miss the chance to make this beautiful property your own and begin creating lifelong memories with your family today.
You may be able to put down less than the total down payment amount of $200,069 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: #224069680