3016 LAKE BUTLER CT, Cape Coral, FL 33909
Experience the pinnacle of luxury living in this sprawling 6-bedroom, 5-bathroom estate nestled within the exclusive gated community of Coral Lakes in vibrant Cape Coral, Florida. Spanning over 3400 sq ft of meticulously designed space with 3 master suites and a Jack and Jill bedroom/bathroom combo, this home boasts an array of upgrades and amenities tailored to elevate your lifestyle. For added savings this is NOT is a flood zone and includes a 1-year Home Warranty! Upon entering the grand foyer, you're greeted by soaring ceilings that create an immediate sense of spaciousness and warmth. The heart of this residence, a beautifully crafted kitchen, showcases UPDATED CABINETRY, high-end appliances, and a CUSTOM ISLAND COVERED WITH GORGEOUS GRANITE, perfect for culinary enthusiasts. Flowing seamlessly from the kitchen is a spacious open living area, complemented by a formal dining room, ideal for hosting gatherings and entertaining guests. The first floor features a private bedroom and bathroom, offering both convenience and privacy. Tray ceilings and crown molding throughout the main living areas add a touch of elegance, while a blend of tile and hardwood floors enhances both style and durability. Step outside to indulge in the quintessential Florida lifestyle with your own private pool overlooking a serene lake view, surrounded by an expansive lanai perfect for alfresco dining and relaxation. This home not only provides unparalleled comfort and style but also offers the security and exclusivity of Coral Lakes' coveted gated community. Recent updates, including a NEW TILE ROOF and newly replaced lanai screens, which further enhance the property's appeal and value. With its impressive size, abundant upgrades, and prime location, this property represents a rare opportunity to enjoy luxurious living at an exceptional value. Don't miss out—schedule your showing today and envision yourself embracing the finest in Florida living in this exceptional Coral Lakes home.
You may be able to put down less than the total down payment amount of $225,642 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: #224059155