2629 SW 4TH PL, Cape Coral, FL 33914
This property combines luxury, comfort, and location, making it the perfect home for those seeking a stylish and convenient lifestyle. Elegant 3-Bedroom + Den Home with a 3-Car Garage. Sleek, modern aesthetic with a double-door front entry, featuring an eye-lit window above for natural light.Impact windows and sliders. 8-foot doors throughout add a touch of luxury and openness. Gourmet Kitchen offers Granite countertops, stainless steel appliances, and soft-close cabinetry elevate the kitchen experience. Leonor window coverings and tray ceilings add elegance throughout. The master suite features sliders that lead directly to the pool, dual sinks, a makeup counter, soaking tub, separate shower, and his-and-hers walk-in closets. Porcelain tile throughout the main areas with plush carpet in the bedrooms. The second bathroom serves as a pool bath, complete with dual sinks and a tub/shower combination. A dedicated laundry room with a sink and cabinetry offers convenience. Garage features an epoxy-coated floor. Pocket sliders lead to the lanai, where you’ll find pavers and a pool with a wading area for chairs and pool heater. The 6-foot white vinyl fence encloses a spacious backyard with beautiful plants lining the perimeter. Immaculate landscaping surrounds the property, creating a welcoming atmosphere.
You may be able to put down less than the total down payment amount of $205,863 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: #224065715