305 SW 25th Pl, Cape Coral, FL 33991
4 beds · 2 baths · 2,185 sqft
This beautifully designed four-bedroom home offers an open-concept floor plan that’s ideal for entertaining and large gatherings. The spacious living area seamlessly flows into a modern kitchen, with recessed lighting, stainless steel appliances and quartz countertops. The expansive dining room offers plenty of table space, and the kitchen island serves as a breakfast bar for additional seating. The primary bedroom suite is a private oasis, separated from the other bedrooms for ultimate peace and tranquility. It features generous closet space and a luxurious en-suite bath with a dual-sink vanity, linen closet and a separate garden tub. Other highlights include ceiling fans, modern light fixtures, modern fireplace and a conveniently large laundry room. The home also features a large driveway leading to a three-car attached garage. Step outside into the huge, fully fenced backyard, offering ample room for a pool, and a covered patio with screened lanai making it ideal for entertaining or simply relaxing in privacy. In a desirable Cape Coral neighborhood, this home is just blocks from Jim Jeffers Park, major retail stores, Coral Oaks Golf Course, Burn Store Marina and Matlacha Isles. Cape Coral is a hub for recreational activities, including boating, fishing, kayaking, hiking, biking, golf and tennis. Enjoy sunset cruises or explore the city’s parks, nature preserves, and sports facilities, all part of the active lifestyle that Cape Coral offers. Don’t miss the chance to make this beautiful home yours! Schedule a showing today and experience the ideal blend of comfort, style and location.
Source: NABOR #225006821
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: NABOR #225006821
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.