327 SW 19th Ln, Cape Coral, FL 33991
4 beds · 2 baths · sqft
New roof installed 2023. Priced at $171 per sq ft with over 2300 sq ft of living space, making this one of the best price homes in the area. This charming 4-bedroom home welcomes you as you walk into the open and spacious main area which features a large kitchen, separate eating area and very large family room set for entertaining. As you walk into the home you are greeted by the custom wood trim on the walls and crown trim around the main room with built in ascent lighting. The spacious laundry room is conveniently located between the 3 bedrooms with room for storage. Each of the bedrooms have ample closet space with the master offering a full walk-in closet and a second closet. There are a few closets throughout the home which was an added bonus which many homes lack. The 2-car garage with an automatic opener offers plenty of room for 2 vehicles as well as storage space on each side. The landscaped front yard welcomes you with the assorted plants and fresh mulch that adds warmth to the front entry way. The tall vinyl fence was installed in 2021 which encloses the sides and large rear yard to offer privacy and security for relaxing with friends and family. This home is ready to move in as soon as you close. Home has a monitored security system on a contract. The listing agent is related to the seller.
Source: FORTMYERS #224057667
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224057667
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #224057667
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.